1. 1

2. 2 Prepared for: International Sweetener Colloquium Presenter: Paul Meyers February 10, 2009

3. 3 Soybeans

4. 4 Monthly Average of Nearby Soybean Futures

5. 5 Monthly Average of Nearby Soybean Oil Futures

6. 6

7. 7 RBD PALM OIL PRICES, CIF, U.S. PORTS

8. 8 ANNUAL U.S. SOYBEAN BALANCE SHEET

9. 9 USDA 2008 U.S. SOYBEAN PRODUCTION ESTIMATES AND 2008/09 U.S. SOYBEAN CARRYOVER STOCKS ESTIMATES

10. 10 U.S. SOYBEAN PRODUCTION *USDA Estimate

11. 11 U.S. SOYBEAN EXPORTS

12. 12 SOUTH AMERICAN SOYBEAN PRODUCTION

13. 13 CHINA: SOYBEAN IMPORTS *Projected.

14. 14 U.S. SOYBEAN CRUSHINGS *Connell Estimate

15. 15 U.S. SOYBEAN CARRYOVER STOCKS-TO-USE RATIO

16. 16 ANNUAL U.S. SOYBEAN OIL BALANCE SHEET

17. 17 U.S. SOYBEAN OIL USED IN BIODIESEL PRODUCTION *Projected.

18. 18 U.S. SOYBEAN OIL EXPORTS *Connell Estimate

19. 19 MONTHLY U.S. SOYBEAN OIL STOCKS, BEGINNING OF MONTH

20. 20 U.S. SOYBEAN PLANTED ACREAGE *USDA Estimate

21. 21 U.S. SOYBEAN BALANCE SHEET

22. 22 Nearby Futures Price Forecasts for Soybeans and Soybean Products