Soybean tumbles on production estimates
NCDEX March soybean futures traded lower on account of huge losses in soybean futures at CBOT as China’s monetary tightening policies measures. China raise interest rate to curd inflation also added bearish market sentiments. Higher production estimates of domestic Rabi oilseeds also provided support to the bears. Read More...
Certified soybean will have level playing field
While palm oil export growth may be hampered by claims from green NGOs on the destruction of rainforest and wild habitats, soybean also has to deal with a more complex issue pertaining to its genetically-modified (GM) status. It is said that 90% of soybean planted in the United States were genetically modified. Read More...
India’s Soybean Production Prospects Improving
India's 2010/11 soybean production is forecast at 9.2 million tons, up 0.4 million or 5 percent from last month. Area is forecast at 9.5 million hectares, up 0.5 million or 6 percent from last month, but down 0.1 million or 1 percent from last year. The yield is forecast at 0.97 tons per hectare, down 1 percent from last month, but up 6 percent from last year, as per last usda report. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today
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