Soyabean steady, nears NCDEX settlement

Soya bean market opened flat and continued to move with a down ward bias, the price showed some sign of upward correction in the last hours of the trading but posted a negative close.

Fundamental Outlook

Prices are expected to remain stable due to normal demand in the market as the NCDEX settlement is nearing.

Arrivals were reported at around 1,000 to 1,200 quintals in Indore mandi today.

Slower arrivals have been supportive for the market for higher price action the prices are expected to remain stable due to moderate demand in the market.

Courtesy: Motilal Oswal Commodities Broker Pvt. Ltd.

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