Soybean Futures Edge Higher On Wednesday



Soybean futures edge higher on Wednesday due to forecasts of wet weather in soybean growing state of Madhya Pradesh and Maharashtra. Heavy rains forecasted during the last week of September, which will affect harvesting. The most-active Oct’16 delivery contract closed 0.65% higher to settle at Rs. 3,252 per quintal. There are reports of deteriorating growing conditions as 71% of the area impacted by excessive rainfall.

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