U.S. storms continue amid flood cleanup

* Storms break heat wave in mid-Atlantic 
    * Iowa cleans up after dambreak 
    * Body of Milwaukee man recovered from flooded creek 
    
 (Updates with heat, storms in mid-Atlantic, Iowa cleanup) 
    By James Kelleher and Greg McCune 
 CHICAGO, July 25 (Reuters) - Large swathes of the United 
States suffered another day of extreme weather on Sunday, with 
hot temperatures in the nation's capital and Southeast coastal 
areas giving way to thunderstorms later in the day. 
    Powerful thunderstorms stretched through the states of 
Delaware, Maryland and Virginia on the Atlantic Coast, 
Accuweather said. 
    The were numerous reports of damage from wind gusts of up 
to 70 miles per hour (113 kph) across the mid-Atlantic, 
including in Gaithersburg, Maryland and Allentown, 
Pennsylvania. 
    Temperatures reached close to 100 degrees Fahrenheit (38 
Celsius) in some parts of the Carolinas and Virginia during the 
afternoon, but storms in the region sent the steamy 
temperatures plunging. In Wilmington, Delaware, the temperature 
dropped 17 degrees in 15 minutes. 
    In Milwaukee, where heavy rains shut the city's main 
airport on Thursday night, the body of a 19-year-old man who 
disappeared on Thursday evening as floodwaters peaked was 
recovered from a creek. 
    Many Midwest cities and states were dealing with the 
aftermath of heavy flooding on Friday and Saturday. But the 
task of cleaning up was made a little easier by clearing skies 
and moderating temperatures and humidity across the region. 
    Chicago's city beaches remained closed for a second day due 
to possible water contamination after the rains overwhelmed the 
sewer system and overflows were released into Lake Michigan. 
    Half a dozen areas in Illinois, including northern sections 
of the city, remained under flood warnings. 
    Damage to crops and livestock in Illinois, Iowa and other  
key agricultural areas of the Midwest Corn Belt was not 
expected to be significant. Rain at this time of year is a 
major benefit to maturing corn and soybeans. 
    Chicago's extensive rail and bus network operated normally 
again. Many roads closed by the storm on Saturday, including a 
major freeway serving the populous western suburbs, re-opened. 
    In the south and southeastern United States, the remnants 
of Tropical Depression Bonnie dissipated over the Gulf of 
Mexico, giving way to clear skies and allowing workers 
responding to the oil spill there to resume work. 
    In Iowa, National Guard units, called in to help after a 
dam broke on Lake Delhi, finished their work and left the area, 
a spokesman for Gov. Chet Culver said. 
    Hundreds of people evacuated their homes on Saturday along 
the river near the towns of Monticello and Hopkinton after the 
Lake Delhi dam breach. Boats, trees, propane tanks and power 
lines all crashed though the dam. 
    "I bumped into my neighbor, and he's like, 'We're being 
evacuated, you need to get home and get your stuff,'" said 
Arian Jenkins, who was spending Saturday at the Great Jones 
County fair in Monticello, a town of about 3,600 people. 
    More than 7.5 inches (19 cm) of rain -- what the city sees 
in two months during a normal summer -- fell at Midway Airport 
in Chicago on Friday and Saturday. 
 (Reporting by Ryan Schlader in Cedar Rapids, Iowa; Kay 
Henderson in Des Moines, Iowa; Karl Plume, Andrew Stern and 
James Kelleher in Chicago, and Jerry Norton in Washington; 
Editing by Jonathan Oatis and Peter Bohan) 

India Edible Oil Prices Down On Weak Overseas, Rising Imports

MUMBAI (Dow Jones)--Indian edible oil prices fell this week due to weak overseas prices and expectations of a rise in
imports.

The price of crude palm oil declined to INR37,000 a ton Friday from INR37,700 last week, while that of refined soyoil
decreased to INR42,500/ton from INR42,800. The price of refined, bleached and deodorized palm olein slipped to INR40,000
a ton from INR40,300.

The benchmark August Malaysian crude palm oil contract on Bursa Malaysia Derivatives fell to MYR2,386 a metric ton
Friday, its lowest level this year, on expectations of a rise in output and stocks.

Indian edible oil prices mostly track overseas trends as the country imports nearly half of its annual vegetable oil
requirements.

"Domestic prices also fell because of fears of increasing imported edible oil supply as it is the lean crushing season
here," said a local trader.

India's soyoil imports in 2009-10 are likely to rise more than 50% from a year earlier to 1.5 million-1.6 million tons
as the premium over palm oil has narrowed down, Pradip Desai, managing director of Palmtrade Services Pvt Ltd., a
Mumbai-based importer, said Thursday.

Normally, soyoil commands a premium over palm oil because of its better quality, but the premium has narrowed down to
about $30-$40 a ton from about $100-$150/ton a year ago.

Also, India's MMTC Ltd. has issued a tender to import 6,000 tons of RBD palm olein for shipment in June.

India's total vegetable oil imports in the current marketing year through October are projected to rise to 9 million
tons from 8.66 million tons in 2008-09.

Thursday, the government increased the state-set price for soybean by INR50/100 kg to INR1,400, and of groundnut by
INR200/100 kg to INR2,300. But the Solvent Extractors' Association Friday said the increase is very minimal and that it
is seeking a higher state-support price to boost oilseed production in the country.

Sowing of India's summer oilseed crop fell 44% from a year earlier to 1.03 million hectares as of June 11, government
data showed Friday.

Planting of soybean, the main oilseed sown in the summer season, begins in June. The crop is harvested in October.

-By Swansy Afonso, Dow Jones Newswires; 91-22-22884212; swansy.afonso@dowjones.com

(END) Dow Jones Newswires
06-11-10 0828ET
Copyright (c) 2010 Dow Jones & Company, Inc.

India Edible Oil Prices Down On Weak Overseas, Rising Imports

MUMBAI (Dow Jones)--Indian edible oil prices fell this week due to weak overseas prices and expectations of a rise in
imports.

The price of crude palm oil declined to INR37,000 a ton Friday from INR37,700 last week, while that of refined soyoil
decreased to INR42,500/ton from INR42,800. The price of refined, bleached and deodorized palm olein slipped to INR40,000
a ton from INR40,300.

The benchmark August Malaysian crude palm oil contract on Bursa Malaysia Derivatives fell to MYR2,386 a metric ton
Friday, its lowest level this year, on expectations of a rise in output and stocks.

Indian edible oil prices mostly track overseas trends as the country imports nearly half of its annual vegetable oil
requirements.

"Domestic prices also fell because of fears of increasing imported edible oil supply as it is the lean crushing season
here," said a local trader.

India's soyoil imports in 2009-10 are likely to rise more than 50% from a year earlier to 1.5 million-1.6 million tons
as the premium over palm oil has narrowed down, Pradip Desai, managing director of Palmtrade Services Pvt Ltd., a
Mumbai-based importer, said Thursday.

Normally, soyoil commands a premium over palm oil because of its better quality, but the premium has narrowed down to
about $30-$40 a ton from about $100-$150/ton a year ago.

Also, India's MMTC Ltd. has issued a tender to import 6,000 tons of RBD palm olein for shipment in June.

India's total vegetable oil imports in the current marketing year through October are projected to rise to 9 million
tons from 8.66 million tons in 2008-09.

Thursday, the government increased the state-set price for soybean by INR50/100 kg to INR1,400, and of groundnut by
INR200/100 kg to INR2,300. But the Solvent Extractors' Association Friday said the increase is very minimal and that it
is seeking a higher state-support price to boost oilseed production in the country.

Sowing of India's summer oilseed crop fell 44% from a year earlier to 1.03 million hectares as of June 11, government
data showed Friday.

Planting of soybean, the main oilseed sown in the summer season, begins in June. The crop is harvested in October.

-By Swansy Afonso, Dow Jones Newswires; 91-22-22884212; swansy.afonso@dowjones.com

(END) Dow Jones Newswires
06-11-10 0828ET
Copyright (c) 2010 Dow Jones & Company, Inc.

Technical Analysis: US Soy Complex Futures-June 11

By Jim Wyckoff
Of DOW JONES NEWSWIRES

JULY SOYBEANS

July soybeans closed lower Thursday and nearer the session low as trading has been very choppy. The key "outside
markets" were in a bullish posture for soybeans Thursday, as the U.S. dollar index was lower and crude oil and the U.S.
stock indexes were higher. However, the bean market could get no benefit from them.

Bears have the near-term technical advantage.

The next downside price objective for the bears is pushing and closing prices below solid technical support at the
February low of $9.20. The next upside technical objective for the bulls is pushing and closing May prices above solid
technical resistance at last week's high of $9.58 3/4.

First resistance for July soybeans is seen at $9.40 and then at $9.45. First support is seen at Thursday's low of
$9.30 1/2 and then at this week's low of $9.26.

$15.70 ------ the contract high
$9.38 3/4 --- 10-day moving average
$9.41 ------- 20-day moving average
$9.64 1/4 --- 40-day moving average
$8.17 1/2 --- the contract low

JULY SOYBEAN MEAL

July soybean meal closed weaker Thursday and nearer the session low after hitting a fresh five-week high early.
Bulls still have the slight near-term technical advantage in meal.

The next downside price objective for the bears is pushing and closing prices below solid technical support at the
June low of $269.40. The next upside price objective for the bulls is to produce a close above solid technical
resistance at the April high of $296.70.

First resistance comes in at $285.00 and then at Thursday's high of $288.80. First support is seen at $280.00 and then
at $277.50.

$395.00 --- contract high
$277.50 --- 10-day moving average
$276.10 --- 20-day moving average
$281.00 --- 40-day moving average
$233.70 --- the contract low

JULY SOYBEAN OIL

July soybean oil closed steady Thursday and nearer the session low. The key "outside markets" were in a bullish
posture for bean oil, as the U.S. dollar index was lower and crude oil and the U.S. stock indexes were higher. However,
the bean oil market could get little benefit from them.

Bean oil bears still have the overall near-term technical advantage.

Bean oil bears' next downside technical price objective is pushing and closing prices below solid technical support at
35.00 cents. The next upside price objective for the bean oil bulls is pushing and closing prices above solid technical
resistance at last week's high of 37.85 cents.

First resistance is seen at 37.00 cents and then at this week's high of 37.20 cents. First support is seen at
Thursday's low of 36.63 cents and then at this week's low of 36.41 cents.

68.25 --- the contract high
37.18 --- 10-day moving average
37.30 --- 20-day moving average
38.23 --- 40-day moving average
31.30 --- the contract low

-By Jim Wyckoff, contributing to Dow Jones Newswires

(Jim Wyckoff is a technical analyst and the proprietor of the analytical and educational advisory service, "Jim
Wyckoff on the Markets." He does not trade commodity futures. He can be reached at 1-319-277-8643 or by email at
jim@jimwyckoff.com.)

(END) Dow Jones Newswires
06-11-10 0800ET
Copyright (c) 2010 Dow Jones & Company, Inc.

UPDATE: Asian Crude Palm Oil Futures End Down 1%; Lowest This Year

(Adds price charts, comments from trading executives)

By Shie-Lynn Lim
Of DOW JONES NEWSWIRES

KUALA LUMPUR (Dow Jones)--Crude palm oil futures on Malaysia's derivatives exchange fell 1% Friday as investors
liquidated long positions approaching the weekend and ahead of an expected rise in output and stocks, trade participants said.

The benchmark August contract on Bursa Malaysia Derivatives ended MYR24 lower at MYR2,386 a metric ton, its lowest
level this year.

"China has been slow with their palm olein purchases so far. That, along with China's cancellation of several soybean
cargoes from South America due to poor crushing margins, has spooked the market," a senior trading executive at a Kuala
Lumpur-based commodities brokerage said.

A three-day public holiday in China next week exacerbated selling pressure, a trading executive in Singapore said.
Palm prices have declined 11% so far this year. Chinese markets will be closed Monday-Wednesday for the Dragon Boat
Festival holidays.


Prices are also under pressure from expectations of a rise in end-June palm inventory levels due to likely lower
export demand, as some buyers may opt to delay purchases to wait for lower prices with production entering a high cycle,
analyst Ivy Ng from CIMB Research said in a report.

The stronger ringgit "also gave sellers a reason, amid negative market sentiment, to push the market lower," said a
senior trading executive from Kuala Lumpur-based brokerage OSK Investment Bank. The dollar fell to MYR3.2800 from
yesterday's close at MYR3.3000

Malaysian Palm Oil Board data issued Thursday for the January-May period indicated that 2010 output could exceed
2009's 17.6 million tons, an analyst in Singapore said.

In the cash market, palm olein for July at $777.50/ton and October/November/December at $747.50/ton, free-on-board
Malaysian ports, a Singapore-based cash market broker said.

Cash CPO for prompt delivery was offered MYR5 higher at MYR2,540/ton.

CME's Group Inc.'s (CME) dollar-based CPO futures for September were trading $3.75 lower at $718.75/ton around 1015
GMT. One lot is equivalent to 25 tons.

August rupiah-denominated CPO futures on the Indonesia Commodity and Derivative Exchange ended 0.2% lower at IDR6,500
a kilogram with 16 lots traded. One lot is equivalent to 10 tons. The September contract was unchanged at IDR6,420/kg
with 187 lots done.

Open interest on the BMD was 77,512 lots, versus 76,929 lots Thursday. One lot is equivalent to 25 tons.

A total of 19,392 lots of CPO were traded versus 8,641 lots Thursday.

Closing BMD CPO futures prices in MYR/ton at 1000 GMT: 
 
Month   Close  Previous  Change   High    Low 
Jun'10  2,550     2,525  Up   25  2,560   2,540 
Jul'10  2,430     2,450  Down 20  2,462   2,430 
Aug'10  2,386     2,410  Down 24  2,419   2,379 
Sep'10  2,360     2,385  Down 25  2,396   2,357 
 

-By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233; shie-lynn.lim@dowjones.com

(END) Dow Jones Newswires
06-11-10 0700ET
Copyright (c) 2010 Dow Jones & Company, Inc.

CBOT Soy Outlook:Seen Up On Pre-Report Position Evening

By Andrew Johnson Jr.
Of DOW JONES NEWSWIRES

CHICAGO (Dow Jones)--Soybean futures are seen starting Wednesday's day session on firm footing, underpinned by
pre-report positioning and supportive outside market influences.

Strength in overnight trade is serving as an early signal of price direction.

Overnight, Chicago Board of Trade soybean July soybeans were 4 cents higher at $9.35, and November soybeans were 1/2
cent higher at $8.94 3/4.

Soybean prices have been under pressure in recent weeks, and traders that bet on futures going lower have assumed risk
heading into Thursday's supply and demand report, a CBOT floor analyst said.

Market shorts are expected to cover some of their positions, taking protection from a possible bullish surprise in
Thursday's U.S. Department of Agriculture reports, he added.

The USDA's supply and demand report is scheduled for release Thursday at 8:30 a.m. EDT (1230 GMT). Analysts surveyed
by Dow Jones expect 2009-10 U.S. ending stocks, which represent the amount remaining after all supply and demand factors
have been taken into account, to come in at a modest decline from May's figure.

Weakness in the U.S. dollar, firmer crude oil and equities are providing psychological support to aid the firmer tone
as well. Meanwhile, old crop contracts continue to garner strength from tight availability of nearby supplies. The
absence of farmer selling is keeping cash basis levels firm, as end users bid up prices in an attempt to lure
inventories out of farmer hands.

A technical analyst said market bears have the near-term technical advantage as prices Tuesday saw what could be the
beginning of a bearish downside "breakout" from the recent sideways trading range.

First resistance for July soybeans is seen at this week's high of $9.39 and then at $9.50. First support is seen at
Tuesday's low of $9.26 and then at $9.20.

In demand news, USDA on Wednesday announced private export sales of 240,000 tons of soybeans for delivery to China in
the 2010-11 marketing year. USDA also announced private export sales of 40,000 tons of soyoil for delivery to China in
the 2009-10 marketing year.

Meanwhile in overseas markets, China's soybean futures traded on the Dalian Commodity Exchange settled lower
Wednesday, drawn down by the tumble on CBOT Tuesday. The benchmark January soybean contract settled CNY22, or 0.6%
lower, at CNY3,784 a metric ton.

Crude palm oil futures on Malaysia's derivatives exchange ended lower, but off lows Wednesday due to short covering
and fresh buying interest related to expectations that palm oil exports will rise in the first 10 days in June, trade
participants said. The benchmark August contract on the Bursa Malaysia Derivatives exchange ended down MYR14 at MYR2,418
a metric ton.

-By Andrew Johnson Jr.; Dow Jones Newswires; 312-347-4604; andrew.johnsonjr@dowjones.com

(END) Dow Jones Newswires
06-09-10 0925ET
Copyright (c) 2010 Dow Jones & Company, Inc.

Technical Analysis: US Soy Complex Futures - June 9

DOW JONES NEWSWIRES

JULY SOYBEANS
July soybeans on Tuesday closed weaker, near the session low and hit a fresh 3.5-month low.

Bears have the near-term technical advantage as prices Tuesday saw what could be the beginning of a bearish downside
"breakout" from the recent sideways trading range. The next downside price objective for the bears is pushing and
closing prices below solid technical support at the February low of $9.20.

The next upside technical objective for the bulls is pushing and closing May prices above solid technical resistance
at last week's high of $9.58 3/4.

First resistance for July soybeans is seen at this week's high of $9.39 and then at $9.50. First support is seen at
Tuesday's low of $9.26 and then at $9.20.

$15.70 ------- the contract high
$ 9.37 1/2 --- 10-day moving average
$ 9.43 1/2 --- 20-day moving average
$ 9.66 ------- 40-day moving average
$ 8.17 1/2 ---- the contract low

JULY SOYBEAN MEAL
July soybean meal on Tuesday closed weaker and nearer the session low. Bulls and bears are on a level near-term
technical playing field.

The next downside price objective for the bears is pushing and closing prices below solid technical support at the
June low of $269.40.

The next upside price objective for the bulls is to produce a close above solid technical resistance at last week's
high of $284.00.

First resistance comes in at Tuesday's high of $279.70 and then at $282.00. First support is seen at $275.00 and then
at $273.00.

$395.00 --- contract high
$274.90 --- 10-day moving average
$275.70 --- 20-day moving average
$280.50 --- 40-day moving average
$233.70 --- the contract low

JULY SOYBEAN OIL
July soybean oil on Tuesday closed slightly higher, nearer the session low and saw tepid short covering in a bear
market.

Bean oil bears still have the solid overall near-term technical advantage. Bean oil bears' next downside technical
price objective is pushing and closing prices below solid technical support at 35.00 cents.

The next upside price objective for the bean oil bulls is pushing and closing prices above solid technical resistance
at last week's high of 37.85 cents.

First resistance is seen at 36.83 cents and then at 37.00 cents. First support is seen at this week's low of 36.41
cents and then at 36.00 cents.

68.25 --- the contract high
37.32 --- 10-day moving average
37.46 --- 20-day moving average
38.40 --- 40-day moving average
31.30 --- the contract low

-By Jim Wyckoff, contributing to Dow Jones Newswires

(Jim Wyckoff is a technical analyst and the proprietor of the analytical and educational advisory service, "Jim
Wyckoff on the Markets." He does not trade commodity futures. He can be reached at 1-319-277-8643 or by email at
jim@jimwyckoff.com.)

(END) Dow Jones Newswires
06-09-10 0800ET
Copyright (c) 2010 Dow Jones & Company, Inc.

Asia Grain Outlook: Prices May Fall On Ample Supply

SINGAPORE (Dow Jones)--Asian grain prices are likely to come under pressure for the rest of this week due to ample
supply and limited demand, trading executives said Wednesday.

The recent declines in prices have made purchases attractive, and import deals are also being contracted for wheat,
corn and soybeans, but the volumes aren't sufficient to prop up the market, they said.

December corn futures on the Chicago Board of Trade ended 1 1/2 cents, or 0.4%, higher Tuesday at $3.56 1/2 a bushel.
November soybeans ended 5 3/4 cents, or 0.6%, lower at $8.94 1/4. July wheat futures closed unchanged at $4.32 1/4 a
bushel.

"The crop conditions for corn and soybeans in the U.S. Midwest region are very good and planting progress has been
positive," a Tokyo-based commodities analyst said. "This may drag down prices even further."

Weak fundamentals are also weighing futures prices, he said.

Traders said that with a large soybean crop in the U.S. anticipated this year, CBOT November corn futures may soon
fall to $8.70/bushel.

The fall in prices is narrowing the spread between July and November soybeans, they said.

Strong Chinese demand for tight, old-crop U.S. soybeans has kept a floor under prices for some time now, but more and
more bearish indicators seem to be lining up, ANZ Banking Group said in a research note.

China has ample soybeans, and physical buying is likely to be slow for the next month, a trader in Singapore said.

Traders estimated corn prices will fall further, with the CBOT December contract likely to weaken to $3.50/bushel or
below within the next few days.

Chinese corn buying touted by many market participants as a potential buttress for prices hasn't materialized so far,
while the U.S. is expected to harvest a record crop, they said.

Concerns last month that China would require hefty imports have eased, with expectations for an early local harvest
encouraging and the government conducting ongoing auctions from its reserves, ANZ.

The China National Grain and Oils Information Center said Wednesday that it expects domestic corn output this year to
rise 2.5% to 168 million metric tons due to higher acreage.

Asian buyers are contracting some grain purchases to take advantage of the recent fall in prices, while others are
waiting for a further downward move.

The Kaohsiung branch of Taiwan's Breakfast Soybean Procurement Association Tuesday bought 45,000 tons of Brazilian
soybeans from Cargill Inc. at $2.42/bushel over CBOT August soybeans.

Taiwan Sugar Corp Tuesday passed on a tender to import 23,000 tons of corn and 12,000 tons of soybeans, citing high
prices.

South Korea has bought wheat cargoes for feed use after prices on a delivered basis fell below $200/ton.

Global trading companies Bunge Ltd. (BG) and Alfred C. Toepfer International GmbH have each sold 55,000-ton cargoes of
feed wheat to South Korea's Major Feedmill Group at $198.39/ton, on cost and freight basis, excluding two-port delivery
charges of $1.50/ton, trading executives said Wednesday.

Last week, another feedmaker in South Korea, Nonghyup Inc., bought a cargo of 55,000 tons of feed wheat for delivery
by Oct. 10 at $199.95/ton, C&F, excluding second and third port delivery charges of $1.50/ton each.

-By Sameer Mohindru, Dow Jones Newswires; +(65) 9455-2449; sameer.mohindru@dowjones.com

(END) Dow Jones Newswires
06-09-10 0731ET
Copyright (c) 2010 Dow Jones & Company, Inc.