Soyabean Pared Gains On Profit

Soyabean pared gains on profit booking after prices gained earlier on supply worries from United States following weak crop update report. US fall harvest is off to a slower-than-normal start this year as heavy rains drenched parts of the Farm Belt and stalled fieldwork last week. Farmers had collected 10% of the US soybean crop versus an average 13% from 2011 to 2015. Wet weather and flooding halted combines in parts of the Midwest last week, with farmers behind schedule in states like Iowa, Minnesota and Wisconsin, where six times the normal amount of precipitation fell over some fields last week

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