Commodity Soyabean & Turmeric Overview

Soybean August futures see some long liquidation on today tracking weak spot market. However, reports of lower sowing compared to last year keeping the prices in a range since last week. Moreover, good stocks and steady demand is pressurising the prices.

Turmeric futures recovered sharpen on Monday after steep fall in the morning session on reports on below normal rains. However, good sowing progress and hoping of monsoon rains in turmeric sowing areas may keep the prices volatile.