CBOT soy futures tumble on Roundup Ready soy news

CHICAGO, Aug 16 (Reuters) - CBOT soybean futures tumbled 14 to 16 cents
per bushel midday Thursday on concerns about news that an extra gene was
found in Monsanto's Roundup Ready soybeans by scientists,  traders said.

Funds and commission houses were sellers with Merrill Lynch,  ED&F Man
International, Refco, and Salomon Smith Barney all  selling CBOT
soybeans, traders
said.

Stops were seen at $5.01 per bushel in November soybeans.  Concerns were
raised over the long-term effect the news will have  on U.S. exports,
traders said.

http://www.agriculture.com/worldwide/AgricultureFarming/08_16_20