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Soyabean settled up 0.69% at 3798 on global supply worries and on improved demand from China following robust imports data. Prices of the bean were supported after United States Department of Agriculture (USDA) trimmed 2015-16 United States soybean production forecast and also cut its forecast for ending stockpiles, the department said in its World Agriculture Supply and Demand Estimates report. USDA maintain US,
Trading Ideas:
Soyabean trading range for the day is 3759-3825.
Soyabean prices ended with gains on global supply worries and on improved demand from China following robust imports data.
China, imported 9.12 million tons of soybeans in December, up 23.4% compared to 7.39 million tons in November.
NCDEX accredited warehouses soyabean stocks dropped by 102 tonnes to 61356 tonnes.
At the Indore spot market in top producer MP, soybean gained 1 rupee to 3782 rupee per 100 kgs.
Trading Ideas:
Soyabean trading range for the day is 3759-3825.
Soyabean prices ended with gains on global supply worries and on improved demand from China following robust imports data.
China, imported 9.12 million tons of soybeans in December, up 23.4% compared to 7.39 million tons in November.
NCDEX accredited warehouses soyabean stocks dropped by 102 tonnes to 61356 tonnes.
At the Indore spot market in top producer MP, soybean gained 1 rupee to 3782 rupee per 100 kgs.
Learning timely market updates helps in framing a better trading strategy. Market investors should always keep a good track records of market movements. Various services providers like epic research serves with market reports as well.
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