# Nagpur Soybean, Soyoil, Soymeal Open- OCT 17, 2018

> Soybean prices recovered in the Nagpur APMC in India on good crushing plant demand and weak supply from producing belts. Soybean oil and soymeal rose notably, and NCDEX prices and Madhya Pradesh soybean prices also climbed. About 5,000 new soybean bags were reported for auction.

- Date: 2018-10-17 · published 2018-10-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/8561-nagpur-soybean-soyoil-soymeal-open-oct-17-2018
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger Indian crush demand and tight local supply lift Indian soybean, oil and meal prices. Limited direct effect on global prices but signals firm regional oilseed demand.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/nagpur-soya/nagpur-soybean-soyoil-soymeal-open-oct-17-2018-idINL3N1WX306/

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