Spot market traded higher on thin arrivals on Monday.

Arrivals were declined to 700 bags at Indore mandi from 1000 bags and 22,000 bags in Madhya Pradesh from 25000 bags on Monday.

CBOT March soybean futures ended higher at $ 9.29/bushels on Monday, up 16.00 cents/bushels as compared to previous close.

CBOT March Soy meal futures ended higher at $ 274.40 tonnes on Monday, up $ 3.40/tonnes as compared to previous close.

Stock of soybean is 20136 metric tonnes at NCDEX accredited warehouses as on February 02, 2010.

Spread between February and March contract is Rs -23 per 100 Kg.

Courtesy: Angel Commodities

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