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India's soybean market is seen stabilizing on hopes that China will resume purchases and that state governments will support prices ahead of 2019 elections. Indian soybean output for 2017-18 is estimated at 8.35 million tonnes, sharply below the prior year, and soymeal exports fell about 40% in May.
Tighter Indian supplies and weaker soymeal exports support regional soybean prices, though renewed Chinese buying would be needed for a sustained recovery.
thehindubusinessline.comPrerna SharmaJun 17, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
