Soybean Futures Closed Lower Yesterday

Soybean futures closed lower yesterday taking clues from International soybean prices, as domestic demand is quite steady. Soybean May’16 contract closed 0.25% lower to settle at Rs. 3,961 per quintal. Soybean production is expected to be lower at 69.29 lt than earlier estimate of 74 lt in kharif season according to SOPA. The highest fall in production of 4.6 lakh tonne, or 17%, was registered in Maharashtra.

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