Friday 12 April 2019

Soyabean Trading Range For The Day Is 3732-3808

Soyabean trading range for the day is 3732-3808.

Soyabean dropped as traders are cautious and waiting for the 2019 monsoon forecast, which may be announced early next week.

Higher availability of soybean with planters and traders due to bumper 2018-19 output also weighed.

The USDA in its monthly report trimmed its forecast of U.S. 2018/19 soybean stocks to 895 million bushels, down from 900 million in March.

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