Bloomberg News

Soybeans May Fall Below $11.50 a Bushel, Cargill’s Zhou Says

November 13, 2011

Nov. 13 (Bloomberg) -- Soybeans have “room to fall” below $11.50 a bushel in the long term, said Zhou Xuejun, director of trading, Cargill Investment (China) Ltd.

Prices are still relatively high now, enough to sustain planting interest, so output may increase to ensure “ample supply,” said Zhou at a conference in Guangzhou, China.

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