Thursday, 17 February 2011
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Soybean weakens on short selling
The bearish trend in the soybean futures market extended for sixth consecutive day on Wednesday. Investors and traders advanced their bean sales on expectation of further shrink in demand for its by-products. Likely shift in global soy meal demand from India to Latin America has been putting pressure on the market. Spot markets witnessed subdued trading. Soy meal spot prices have been
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