Friday, October 31, 2014

AGRI COMMODITY NEWS UPDATE SOYABEAN 31 - OCT - 2014


Soyabean trading range for the day is 3183-3411.
Soyabean settled flat on profit booking after prices gained in anticipation of lower supplies of the crop in the global market
Indian government cut its estimates for soybean 2014-15 output to 11.82 million tons compared to forecast of 11.99 million tons.
Indian soybean acreage fell by 10% to 11 million hectare due to late and weak monsoon in major bean producing states.


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