Soyabean settled up 1.74% at 3981 helped by lower supplies in the spot market. Traders believe that still there is dearth of good quality seeds in the market. In international markets, due to good export demand. Earlier untimely rains adversely affected the seed quality and quality. As per the latest data released by SEA of India, the soybean meal export exports increased by 5% to 182,724 tons in October compared to 173,381 tons a month ago while the Rapeseed meal exports during October surged 59% to 143,848 tons compared to 59,472 tons in September.
Monday, November 11, 2013
Commodity Trading Tips for Soyabean by KediaCommodity
Soyabean settled up 1.74% at 3981 helped by lower supplies in the spot market. Traders believe that still there is dearth of good quality seeds in the market. In international markets, due to good export demand. Earlier untimely rains adversely affected the seed quality and quality. As per the latest data released by SEA of India, the soybean meal export exports increased by 5% to 182,724 tons in October compared to 173,381 tons a month ago while the Rapeseed meal exports during October surged 59% to 143,848 tons compared to 59,472 tons in September.
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Epic Research's market analysis for today says that Prices of soybean will be under pressure on good weather condition for the crop.
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