Tuesday, 12 August 2014

Daily Arrivals of Agricultural Commodity Market

Soybean futures opened lower extending previous week’s losses on the back of increased sowing, revival of monsoon and weak meal export demand. However, prices recovered from lower levels short coverings and tight supplies of the old crop and settled 0.2% higher.

Outlook
Soybean futures are expected to trade on a mixed to negative note. Improvement in sowing, revival of monsoon and weak soy meal exports may pressurize prices. However, tight supplies of the old crop may support prices at lower levels.

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