US MIDDAY: soyabeans lower

Chicago Board of Trade soyabeans were mostly lower on Friday, with traders awaiting news on US livestock feed regulations, pit brokers said.
The US Food and Drug Administration is considering tougher regulations on animal feed since finding mad cow disease in the United States. Any changes could boost US soyameal usage.
Sources in Washington told Reuters that the FDA could announce its rules on Friday, but there were rumours in the CBOT pit that FDA had postponed its announcement.
One month ago, an agency official said FDA was considering banning specified risk materials - cattle brains, skull, eyes, spinal column, small intestine and other parts suspected of harbouring mad cow disease - from US poultry and swine feed.
The US Department of Agriculture was in the midst of a scheduled 10 a.m. CDT (1500 GMT) press briefing to discuss its new mad cow surveillance program.
CBOT soyabeans were last down 5 cents to up 1-1/2 cents per bushel, with July down 2 cents at $8.67, after setting a new three-month low of $8.52, and November up 1 cent at $6.84.
Refco Inc sold a net 400 July, ADM Investor Services bought 100 July and Tenco Inc bought 200 July, brokers said.
CBOT soyameal futures were last down 80 cents per ton to up $2.50, with July down 80 cents at $281.50. Tenco Inc and Citigroup were early buyers of December, while Cargill Inc. bought 100 July early, brokers said.
CBOT soyaoil futures were last down 0.21 cent per lb to up 0.15 cent, with July down 0.21 cent at 28.44 cents. Produce Grain and Prudential Securities bought September while R.J. O'Brien bought 200 December, brokers said.