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

> 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.

- Date: 2019-05-10 · published 2019-05-10T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/7753-soybean-prices-to-trade-sideways-to-higher-angel-commodities-moneycontrol-com
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/stocks/soybean-prices-to-trade-sideways-to-higher-angel-commodities-37-3956371.html

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