Soyabean On NCDEX Settled Up By 0.26% At 3806

Soyabean on NCDEX settled up by 0.26% at 3806 on improved demand for the bean in export market. Prices were supported by improvement in for US soybean after the US Department of Agriculture (USDA) in its weekly soybean export sales report that for 2015-16 were up by 93% on week and 77% from the prior 4-week average. Prices also seen supported on supply worries in domestic market after Industry trimmed forecast for stocks of bean in domestic market and on higher demand for the bean following higher United States weekly soybean export sales data. Prices of the bean were up after Soybean Processors Association of India (SOPA) projected bean stocks at end of 2015-16 season lower at 471,000 ton due to fall in output.

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