Soybean prices remained positive through out the day but closed near to the open price on Wednesday. Gain in spot prices marginally by `10-15/quintal across major markets supported price gain at the futures also.
CBOT soybean futures ended higher on Wednesday owing to the weaker dollar index and trickling fresh export orders for bean from china.
Soy oil prices remained in very tight range with more bias towards upside driven by positiveness in bean prices. Refined soy oil spot prices remained at `655/10kg in Indore markets. Anticipation of higher imports during January month is affecting market sentiments.
CBOT soy oil prices remained higher supported by weaker dollar and good export enquiries for soy complex from china.
Mustard seed prices remained positive at future plat from while spot price declined. Ex- Kandla meal prices dropped more then ` 200-300/ton while seed spot prices dropped by ` 50/quintal across major spot markets.
Arrivals also increased to 80000 bags compared to 62000 bags the previous day. Fresh crop arrivals increased to 35000 bags compared to 15000 bags last week.
Courtesy: Karvy Comtrade Ltd.
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