Soyabean On NCDEX Settled Up By 0.83% At 2913

Soyabean on NCDEX settled up by 0.83% at 2913 on account of good demand at the spot market. Prices also remained supported amid hope of higher demand from exporters due to competitive prices of India's bean in export market. Prices of the yellow bean will also be up as crushers are not able to procure soybean in bulk quantities at lower level as farmers are reluctant to sell at that level. Therefore, crushers are procuring soybean at higher level which will driving the soybean prices upward in next week. However, abundant supplies and the prospects for strong South American harvests of soybeans limited some gains.

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