Soybean Futures Trade Lower On Friday

Soybean futures trade lower on Friday as dry weather is forecasted in the soybean growing areas of Rajasthan Maharashtra and Madhya Pradesh, which aid the harvesting. The most-active Oct’16 delivery contract closed 1.54% lower to settle at Rs. 3,201 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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