- Soyabean trading range for the day is 3593-3685.
- Soyabean gained on short covering after prices dropped due to low physical demand and sufficient stocks due to higher production this season.
- As per latest press release by SOPA, India’s soybean output is higher by 38% at 114.8 lt this year due to increase in average yield across the country.
- Soybean output in Maharashtra is estimated to rise by 32 per cent to 3.84 million tonnes for this year from 2.91 million ha last year.
- At the Indore spot market in top producer MP, soybean gained 33 Rupees to 3736 Rupees per 100 kgs.
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