Fall in Soybean Prices (Nov 20, 2017)

Weak global cues and decline in buying support dragged soy oil with soy refined quoted at ₹685-88, while soy solvent ruled at ₹655-58 for 10 kg. Weak Soybean declined to ₹2,750 a quintal.

In futures also, soybean traded lower with its November and December contracts on the NCDEX closing at ₹2,773 (down ₹70) and ₹2,822 (down ₹71) respectively.

Similarly, plant deliveries of soybean quoted lower at ₹2,775-2,800 a quintal. On weak domestic demand, soymeal ruled at ₹21,500-26,000 a quintal.

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