Soyabean Settled Flat On Higher Domestic Output And Weak Demand

Soyabean trading range for the day is 3694-3760.

Soyabean settled flat on higher domestic output and weak demand from millers due to forecast of near normal monsoon forecast by IMD.

Soybean arrivals for the Oct-Mar period are pegged at 77 lt, up by 23.2% on year by SOPA.

In the US, soybean inventories have swelled as the U.S.-China trade has hurt shipments of American soy to Chinese buyers.

At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 3855 Rupees per 100 kgs.

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