Soybean Futures Closed Higher

Soybean futures closed higher on Wednesday on reports of crop damage in Maharashtra. After Madhya Pradesh, excess rainfall in Maharashtra is playing havoc for soybean crop. Certain regions of Maharashtra especially Marathwada, which have been big producer of soybean are facing flood like situation. The most-active Oct’16 delivery contract closed 1.00% higher to settle at Rs. 3,239 per quintal.

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