Spot market price witnessed higher on account of arrival pressure and poor export demand of domestic soy meal.
Arrivals of soybean increased to 30,000 bags from 26,000 in Indore mandi on Thursday as compared to previous day. However, total arrivals increased to 4.00 lakh bags in major mandis of M.P. from 3.75 lakh bags.
CBOT Nov soybean futures ended higher at $ 9.85/bushels on Thursday, up 17.00 cents/bushels as compared to previous close.
CBOT Dec Soy meal futures ended higher at $ 295.30/tonnes on Thursday, up $ 4.00/tonnes as compared to previous close.
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