NCDEX Settled Down By -1.48% At 3257

NCDEX settled down by -1.48% at 3257 as weak trend continued in major spot markets due to prospects of better crop this season amid favorable weather condition in most of the producing states. Soyabean prices on the international markets are also under pressure as improving US crop ratings fuelled expectations for a bumper harvest, influenced soyabean prices. In 2017 farmers in United States are planning to rise soybean planting by 700,000 on robust demand in export marker. Framers in US, the world's biggest bean producer, will plant 84.4 million acres of soybeans next spring compared to 83.7 million in 2016.

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