Soyabean Settled As Prices Paired Gained

Soyabean settled as prices paired gained after gaining earlier on buying at lower level and on hope higher demand. Arrivals were steady at 350,000 bags. Crush margins have turned marginally negative and may limit demand from processors going forward. Demand for meal is good from domestic as well as overseas buyers. The United States department of agriculture (USDA) trimmed 2016-17 United States soybean production forecast for January also cut forecast for ending stockpiles compared to previous month, the department said in its World Agriculture Supply and Demand Estimates report.

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