Soyabean trading range for the day is 3593-3685

Soyabean trading range for the day is 3593-3685.

Soyabean gained on short covering after prices dropped due to low physical demand and sufficient stocks due to higher production this season.

As per latest press release by SOPA, India’s soybean output is higher by 38% at 114.8 lt this year due to increase in average yield across the country.

Soybean output in Maharashtra is estimated to rise by 32 per cent to 3.84 million tonnes for this year from 2.91 million ha last year.

At the Indore spot market in top producer MP, soybean gained 33 Rupees to 3736 Rupees per 100 kgs.

Commodity Mcx Live Price