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Soybeans slide to near 2-month low on recession woes

Posted on 18 February 2009

From Forbes: U.S. soybeans skidded to near two-month lows Tuesday on worries that the deepening global recession will ease demand for oilseeds and grains.

There were fresh signs that the recession was worsening, including a U.S. report showing that manufacturing production in New York state fell to a record low in February. The Dow industrials were down more than 250 points, hovering near 7,580 when Chicago Board of Trade grain markets closed….. Full Article: Source


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