Soybean Futures Closed Higher

Soybean futures closed higher on lower level buying by the market participants and taking clues from surge in edible oil prices. The mostactive Oct’16 delivery contract closed 1.66% down to settle at Rs. 3,267 per quintal. However, increase in tariff value of soyoil support soybean prices. Moreover, data from SOPA for lower soy meal export also weigh on prices in spot market.

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