Soybean Futures Continue

Soybean futures continue to trade sideways to lower as dry weather forecasted in the soybean growing areas of Rajasthan Maharashtra and Madhya Pradesh, which aid the harvesting. The most-active Oct’16 delivery contract closed 0.59% lower to settle at Rs. 3,182 per quintal. Moreover, reduction in the import duty of refine and crude edible oil in the country also pressurize the soybean prices.

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