Weak global cues dip soya

Our Bureau | | Updated on: Mar 12, 2018

Harvested soybeans are ready for transport on a farm in Amanda, Ohio, U.S., on Wednesday, Oct. 21, 2009. Corn fell from a four-month high and soybeans declined as a stronger dollar eroded the investment appeal of raw materials and because of sales by some investors. Photographer: Ty Wright/Bloomberg

 

Both soy oil and soybeantraded lower amid adequate availability of soy seeds, weak global cues and absence of cash flow at retail counters with soy refined declining to ₹765-70 for 10 kg, while soy solvent ruled at ₹735-40.

On Monday soybean in Indore mandis declined to ₹3,650-75. Similarly plant deliveries of soybean declined to ₹3,800 a quintal .

Soybean futures also declined on weak demand and buying support with soybean's March and April contracts on the NCEDX today closing at ₹3,690₹3,732 respectively. Soybean DOC was quoted lower at ₹32,000 a quintal on weak domestic demand.

Published on March 12, 2018
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