Friday, March 10, 2017

Soybean futures closed little higher on Thursday on bargain buying but expectation of adequate supplies in physical markets capped further gain.
The oil millers are active at lower prices. Soybean in spot market gets some boost from increase in meal exports. As per SEA monthly release, India exported 207,977 tonnes soymeal in February, up from 29,950 tonnes in the yearago period. The exports were higher this year as prices of Indian soymeal are more competitive.
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