Monday, September 01, 2014

AGRI COMMODITY NEWS UPDATE SOYABEAN 01 - SEP - 2014


Soyabean trading range for the day is 3281-3407.
Soyabean ended with gains on improved demand in global market despite of favorable weather conditions in growing areas of central India.
However, the prices will remain under pressure as there has been some good sowing progress coupled with bearish US markets.
India's soymeal exports slumped to 93,000 ton in Apr-Jul from 518,000 ton a year ago as US, Brazil, and Argentina are offering meal at cheaper rates


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