October 21, 2010
China's soy, soyoil futures dip on rate hike
China's Dalian soy and soyoil futures fell more than 1% on Wednesday (Oct 20) following China's first interest rate rise since 2007.
The actively traded May soy contract was down 1.3%, while May soyoil lost 1.6%.
The 25 basis point rate rise by the People's Bank of China - the first in nearly three years - took markets by surprise and pushed the dollar to its biggest rise against a currency basket in two months.
