# Soybean prices to trade sideways: Angel Commodities- Moneycontrol.com

> 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.

- Date: 2017-10-30 · published 2017-10-30T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/68494-soybean-prices-to-trade-sideways-angel-commodities-moneycontrol-com
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Heavy new-crop arrivals and weak Indian meal exports point to soft domestic prices, though a smaller crop estimate limits downside.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/stocks/soybean-prices-to-trade-sideways-angel-commodities-14-2422863.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.