# Soybean futures gain on global cues

> Soybean futures on India's National Commodity and Derivatives Exchange rose by Rs 32 to Rs 2,992 per quintal for April delivery on February 27, 2017. Traders cited firm overseas markets, thin supplies from growing regions, and higher edible oil prices.

- Date: 2017-02-27 · published 2017-02-27T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7827-soybean-futures-gain-on-global-cues
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Stronger international soybean prices and tight domestic supply support Indian soybean and meal costs. The change is a routine local futures move with limited global impact.

## Read by commodity

- SOY: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/soybean-futures-gain-on-global-cues-117022700316_1.html

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