NCDEX Soyabean Future Down Trade By Report of Good monsoon

Soybean futures were down due to the reports of good coverage of monsoon in key growing areas. According to IMD, It had already covered Maharashtra, Karnataka, Telangana, Andhra Pradesh and other key soybean producing states. Domestic demand is weak amid lower arrivals in the physical market.

In CBOT, soybean futures may trade on a weaker note as recent rainfall in Mid west region of US has eased concerns of dryness. Soybean trade ended the day at Rs. 3805 per quintal which is approx 0.18% down against its previous close. We recommend sell Soybean futures during today’s trading session.

@ Sell NCDEX Agri Soyabean future for Safe profit

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