Soyoil sharply lower on Chinese Govt talk

Posted by Nogger - a legend in his own mind at 11:22 | Categorized as ,

eCBOT soyoil futures are sharply lower this am, reversing last nights strong close on talk in the market the Chinese central government may sell vegetable oils from state reserves and cut import tariffs on vegetable oils to curb surging prices. Nearby Mar soyoil currently down over 200pts.