Soybean Futures Gain Yesterday

Soybean futures gain yesterday on lower level buying and reports of wet weather and increase in tariff value of soyoil. However, expectation of higher supplies in the coming harvesting months capped further gains. The most-active Oct’16 delivery contract closed 0.68% higher to settle at Rs. 3,279 per quintal. Above normal rains in the parts of MP caused flooding but it may have little effect on the standing crop of soybean.

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