Sharekhan Commodities Buzz dated January 18, 2007

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Sunil

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Jan 18, 2007, 12:57:41 AM1/18/07
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Commodities Buzz
[January 18, 2007] Please see the attachment for details		 Share khan
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Summary of Contents
 
COMMODITIES BUZZ

Soybean: Positive bias

The domestic spot and futures prices surged yesterday on buying by the solvent extractors. On the CBOT, the surge in corn and fund buying helped drive the market to new contract highs. The traders believe that soybeans need to rally in order to avoid losing more acres to corn for the spring planting season just ahead.
Regards,
The Sharekhan Research Team 		myac...@sharekhan.com



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