Soybean Futures Trade Mostly Flat

Soybean futures trade mostly flat as market participants are assessing the damage caused by 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 0.03% lower to settle at Rs. 3,251 per quintal. There are reports of deteriorating growing conditions as 71% of the area impacted by excessive rainfall.

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