Wednesday, 14 January 2015

NCDEX SOYABEAN FUTURES TO TRADE ON MIXED NOTE


NCDEX soyabean, agri commdity tips, free agri calls, Future Trading Tips
Soybean futures may trade on a mixed note on increased import duty on edible oil and poor buying support on higher prices Yesterday, NCDEX Soybean Feb futures closed negative on weak demand at higher prices and adequate availability of soyabean in the domestic market. In India, Soymeal exports fell by 59 per cent to 1.94 lakh tonnes in December against 4.70 lakh tonnes in the same month a year ago. The export of soybean meal during December 2014 was 1, 94,012 tonnes as compared to 4, 70,799 tonnes in the same period of previous year.
Outlook
Soybean futures may trade on a mixed note on increased import duty on edible oil and poor buying support on higher prices.


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