Soyabean On NCDEX Settled Down By -0.55% At 2919

Soyabean on NCDEX settled down by -0.55% at 2919 on late profit bookingafter seen supported in overseas prices as heavy rains in Argentina stoked concerns over potential yield losses. Traders await fresh acreage forecasts from the U.S. Department of Agriculture's annual outlook forum this week. Government of India in its second Advance Estimates of production of major crops for 2016-17 said that with an increase of 8.35 million ton over the previous year, total oilseeds production in the country is estimated at record level of 33.60 million tonnes.

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