Soybean April Futures Closed Higher On Thursday

Soybean April futures closed higher on Thursday as supplies have been steady due to lower prevailing prices and good demand. Soybean exports during Oct-Feb were estimated at 112,000 tonnes, compared with 80,186 tonnes in the year-ago period, as per SOPA press release. Soybean crushing has also dropped to 750,000 tons in February as compared to 900,000 tons in the same period a month ago. Arrivals during February fell to 650,000 tons as compared to 900,000 tons in January.

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