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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

13/08/2004

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

NULL

CATEGORY

HEADLINE

SNAPSHOTS - USDA Grain, Oilseed Reports - COMBINED
12/08/04- MIKE ZUZOLO, analyst with Risk Management Commodities Inc.,Lafayette, Ind., on Thursday's U.S. Department of Agriculture grain andoilseed reports:"The soybean market was surprised by the USDA's crop projection belowthe range of estimates and with the 2004-05 carryout cut below 200 millionbushels, the unwinding of spreads is likely until will get to theSeptember crop report.

- CHAD HENDERSON, grain analyst at Stewart-Peterson in West Bend,Wis.:"Beans, they caught the market leaning the wrong way. They loweredproduction below trade expectations, which is positive over the near term.And China's imports were forecast at 23 (million metric tons), but theykept the China crop unchanged. We're not seeing a real slowdown in demand.

- JASON ROOSE, U.S. Commodities, West Des Moines, Iowa:"Beans...well, we're going to start out higher, and the cold weatherhas to be factored in. I always tell people I'm calling things limithigher, but everybody else is going 5-10.