Soybean futures traded higher on bargain buying and good demand in the spot market at lower levels. The production is expected to be higher this year and the oil millers are also active at lower prices so that they can have parity to export soymeal at comparative rates. The Soybean Processors Association of India has raised the estimate for soy meal exports in 2016-17 (Oct. – Sept.) to 1.8 mt from 1.0 mt projected earlier.
Information source: www.skymetweather.com
