CAPITALSTARS WEDNESDAY SOYBEAN FUTURES AGRI MARKET NEWS UPDATE 12 JUNE 2019

NCDEX soybean futures traded on mixed note on Tuesday as prices recovered from the intraday losses to close the day at positive note

 CAPITALSTARS INVESTMENT ADVISOR

Soybean is expected to trade mixed to down due to expectation of picking up of sowing activities in line with the advancement of monsoon rainfall in central region. Southwest monsoon is likely to progress smoothly could boost up the sowing activities in the countries. Moreover, subdued demand against the balanced supply situation is likely to cap the excessive gains in prices in near future.  Meanwhile, China soybean imports from the U.S., Brazil, and Argentina in May dropped to 6.8 million tons, down 16% from April and 35% from last year's record of 10.4 million tons. China's soybean imports from the U.S. declined to 845 thousand tons in May

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