Spot market price witnessed slightly lower on account of arrival pressure.
Arrivals of soybean increased to 35,000 bags from 30,000 in Indore mandi on Saturday as compared to previous day. However, total arrivals increased to 4.50 lakh bags in major mandis of M.P. from 4.00 lakh bags.
CBOT Nov soybean futures ended higher at $ 9.97/bushels on Monday, up 19.50 cents/bushels as compared to previous close.
CBOT Dec Soy meal futures ended higher at $ 302.70/tonnes on Monday, up $ 5.70/tonnes as compared to previous close.
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