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Angel Commodities expects NCDEX soybean futures in India to trade sideways as new-season arrivals and weak physical demand pressure prices. Soybean futures fell 3.2% in the week to October 27.
SOPA estimates India's 2017-18 soybean output at 9.15 million tonnes, down from 11.49 million a year earlier, and soymeal exports fell 21% in September.
Heavy new-crop arrivals and weak Indian meal exports point to soft domestic prices, though a smaller crop estimate limits downside.
moneycontrol.comOct 30, 2017Not 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.
