Soyabean On NCDEX Settled Up By 0.6% At 3033

Soyabean on NCDEX settled up by 0.6% at 3033 on account of good crushing demand from the mills, even though improving supplies in the domestic market capped some gains. However expectation of higher supply in global market and weak meal demand from poultry limited the upside. Argentine farmers are expected to plant 20.3 million hectares with soy in the 2016-17 season, the agriculture ministry said in its monthly crop report. In addition to that, according to Buenos Aires Exchange, around 66.5% of the crops have been planted up from 57.6% on weekly basis.

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