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Soybean Spurts In Global Markets After Testing Six Month Lows

Capital Market/ 12:17 , Jan 14, 2013

Oilseeds and edible oils are off to a good start today on the massive gains witnessed by Soybeans in global markets. The Soybean futures on CME jumped by nearly 1.5% in electronic moves, bouncing from a six month low. However, the local scenario is unlikely to offer much of a support in the sense that most of the mandies remain shut today. However, the Soya DOC is witnessing persistent rise in demand form overseas buyers and could prop up the local prices in coming days as rabi oilseed supplies are still about six weeks away.

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