Soyabean trading range for the day is 3663-3817

Soyabean trading range for the day is 3663-3817.

Soyabean prices gained due to diminishing arrivals amid steady demand from crushing units in physical markets.

India's 2018-19 soybean output is projected 24.7% higher at 13.69 million tons as per second advance estimates released by agriculture ministry.

October-February soybean arrivals jumped 25% on year to 7.3% million tons as per data released by SOPA.

At the Indore spot market in top producer MP, soybean gained 45 Rupees to 3840 Rupees per 100 kgs.

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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.

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Soyabean trading range for the day is 3704-3826

Soyabean trading range for the day is 3704-3826.

Soyabean prices gained on short covering after prices dropped driven by higher projection of 2018-19 soybean output.

India, 2018-19 soybean output is projected higher at 13.45 million tons from 10.98 million tons, according to data from agriculture ministry.

India’s total soybean output standing at 11.48 million tonnes during the ongoing harvesting season as compared to 8.36 million tonnes in the previous season.

At the Indore spot market in top producer MP, soybean gained 5 Rupees to 3831 Rupees per 100 kgs.

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