Soyabean On NCDEX Settled Up By 1.67% At 3649

Soyabean on NCDEX settled up by 1.67% at 3649 due to falling arrivals in the spot market. Though, expectation of better harvest and favorable weather condition across the soybean growing areas in the country, capped some gains. USDA has reported that US has exported around 45.56 milllion tonnes of soybean since 1 September 2015 against the projected target of 48.85 million tonnes. US soybean exports were initially slow in 2015/16 marketing year, but the exports improved in the second half of the marketing season.

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