Monday, November 17, 2014

AGRI COMMODITY NEWS UPDATE SOYABEAN 17 - Nov - 2014


Soyabean trading range for the day is 3271-3341.
Soyabean prices dropped on expectation of higher supply of the crop in the global market and weak export demand for the Indian meal.
Both India and United States have raised their forecast for the 2014 soybean output amid weak demand for the Indian meal.
NCDEX accredited warehouses soyabean stocks gained by 240 tonnes to 3160 tonnes.


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