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Soybean and soymeal trading opened thin at the Nagpur APMC auctions, with no takers for soybean oil and soymeal and lower Madhya Pradesh soybean prices weighing on sentiment. Local crushing plants showed weak demand amid high-moisture arrivals.
Weak Indian crush demand and soft domestic soybean prices point to softer Indian soymeal demand, a modest bearish signal for global soymeal prices.
reuters.comJan 31, 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.
