Soyabean On NCDEX Settled Down By -0.65% At 3826

Soyabean on NCDEX settled down by -0.65% at 3826 on profit booking after prices gained on supply worries from India and United States after industry of respective bean growers trims production and stock forecast of the crops. The United States department of agriculture (USDA) trimmed 2015-16 United States soybean production forecast for July and also cut its forecast for ending stockpiles, the department said in its World Agriculture Supply and Demand Estimates report. The USDA maintained US, the world's biggest bean grower, production estimates to 105.6 million tons in July compared to 106.9 in previous month and 106.9 a year ago.

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