Linn Group Morning Soybean Comment

CHICAGO - Dec 6/07 - SNS -- Following is the morning soybean futures comment from the futures commission brokerage firm Linn Group.

Jan Beans closed 8 cents higher on Wednesday boosted by Soybean Meal which
rallied to new 3 year highs. Traders say continued concerns about dry areas
in Argentina are causing concerns for crop yield. More rain is needed in
Argentina and forecasts say it is not likely that significant rainfall will
occur in the next week. Weather in Brazil has been good for the most part
but concerns but concerns are growing in some regions of needed rainfall.
Soybean oil was pressured after a higher crude oil market broke down to
close lower on the day after a $1.00 + rally. Volume on Wednesday was heavy
with 137,867 Soybeans, 71,126 Soybean oil and 67,584 Meal traded. Funds
bought an estimated 2,800 Soybeans, 3,000 Meal and sold 1,000 Oil.

Early opening calls are lower. Informa economics issued a world corp
production report Wednesday raising Argentine soybean production to 46.3 mmt
from last months 46.1 mmt. The USDA Released weekly export sales data
showing 07/08 Export Sales Net: 803,800 mt; 08/09 Net: 189,700 mt; expected
600-800k mt. Outside markets influencing Soybeans today show Crude oil
trading down .94 cents in early trading and the US dollar index is trading
up 35 pts. Overnight Malaysian Palm Oil.



To discuss this report further or for specific trade ideas please contact me
directly

Nathan T. Smith III
Linn Group
nsmith@linngroup.com
toll free: (877) 787-6278
local: (312) 896-2090
fax: (312) 896-2050
www.linngroup.com/

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