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NCDEX soybean closed at 3,735 rupees per 100 kg after a fourth straight session of gains on fresh buying. Buyers anticipated stronger Chinese meal demand following a higher US tariff on Chinese goods.
SEA revised soymeal export data higher, and SOPA reported soybean arrivals for October to March up 23.2% year on year.
Expected Chinese meal purchases and firmer meal exports support soybean and soymeal prices. Higher domestic output and edible oil imports are the main factors capping the upside.
moneycontrol.comMay 10, 2019Not 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.
