Soybean Futures Closed Lower On Friday



Soybean futures closed lower on Friday due to profit booking due to subdued demand for soybean crush by oil mills. Soybean Feb’16 contract closed 0.76 % lower at Rs. 3,764 per quintal. The latest data compiled by the Solvent Extractors’ Association of India , export of soya meal has touched a record low at 61,556 tonnes in the first nine months of 2015-16 – down 86 per cent from 4,44,736 tonnes in the same period last year.

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