Soyabean On NCDEX Settled Up By 0.55% At 3306

Soyabean on NCDEX settled up by 0.55% at 3306 on short covering after prices dropped on hope of higher production in global market following robust crop progress reports from United States and India. Soybean Processors Association of India (SOPA) has rated India's 58% soybean crop of 2016-17 as in normal condition and 13% in very good condition. SOPA officials conducted an extensive crop health survey from Aug 21 to 29, 2016 in Madhya Pradesh, Maharashtra and Rajasthan, covering 41 districts and 85% of soybean area, said a media release.

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