Soyabean On NCDEX Settled Down By -0.36% At 3012

Soyabean on NCDEX settled down by -0.36% at 3012 on expectation of higher supply in global market. Arrivals across India were pegged at 360,000 bags against 335,000 bags in its previous trading session. The higher supplies of soybean in the domestic physical markets amid upcoming harvesting activity of Rabi crops also weighed on prices. The recent rainfall over major growing regions of Brazil and Argentina are expected to be beneficial for the crops there which may add on to the expectation of a bigger harvest this season. Good quality soybean which contains 10% moisture traded in the range of Rs 2,925-3,000/100kg unchanged on previous session.

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