Soyabean Gained On Fears Of Damage To Standing Crops Due To Prediction

Soyabean trading range for the day is 3616-3690.

Soyabean gained on fears of damage to standing crops due to prediction of heavy rains over Madhya Pradesh.

Crop loss in Madhya Pradesh and bleak yield expectation from Rajasthan will reduce India's soybean output to around 95-100 lakh tonnes.

Indian soymeal exports, facing a stiff competition from its North American and South American peers.

At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 3771 Rupees per 100 kgs.

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