Soyabean dropped tracking weak demand at the domestic spot market, however losses were capped by lower area under soybean in the Kharif sowing season so far.
The USDA report showed the estimate for US soybean ending stocks for the 2018-19 crop year declined 45 million bushels since December to 910 million bushels.
As per data released by SEA, soy meal exports down by 82.5% in June to 18,185 tonnes compared to last year.
No comments:
Post a Comment