Soybean futures corrected and fell on Wednesday due to profit booking by the Market participants and tracking international prices. The arrivals of soybean in the domestic market have also improved in the physical mandi. The most-active Dec’16 delivery contract closed 0.19% down to settle at Rs. 3,122 per quintal. It is expectation that the peak arrivals will be observed during the month of December. Recently, SOPA has raised the estimate for 2016- 17 (Jul-Jun) soybean output in the country to 115 lt from 109 lt estimated earlier.
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