# Soybean prices to trade sideways to down: Angel Commodities

> NCDEX July soybean futures in India closed lower on June 29 and traded in a range. Good sowing progress and higher physical arrivals weighed on prices, despite a strong move in soyoil.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/70553-soybean-prices-to-trade-sideways-to-down-angel-commodities
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Ample Indian physical supply and sound sowing progress point to sideways-to-lower soybean prices. Firm soyoil could limit downside for crush margins.

## Read by commodity

- SBO: bullish ▲
- SOY: bearish ▼

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/stocks/soybean-prices-to-trade-sideways-to-down-angel-commodities-3-2315429.html

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