Soybean Futures For February

Soybean futures for February delivery closed little higher on bargain buying and reports of good export demand for the soymeal from the country. The trend is still range bound on expectation of steady demand at current levels as supplies in the domestic market is sufficient. As per the latest data released SEA, the country exported a total of 1,55,160 tonnes of soymeal was exported in Jan 2017 as against 28,400 tonnes in the same period last year.

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