Soybean price soars despite of the flu fear

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07-May-2009 (17 years 1 months 6 days ago)

Soybean meal price touched a seven month high due to rising demand from China, delayed planting in the US due to late rains and drought-hit South American crops. Soybean futures at the Chicago Board of Trade was traded beyond USD 11/bushel on Monday for July contracts. It appears that soybean fundamentals are stronger than fears over influenza A.