Friday, 11 March 2011
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Soybean declines on overseas market
NCDEX April soybean futures fell sharply due to weak overseas market ahead of USDA's monthly supply and demand report. Traders are expecting higher global ending stock of soybean as higher production estimates of South America (Brazil & Argentina) amid favorable weather condition. Higher production estimates of domestic rabi oilseeds also provided support to the bears. India's kharif (summer)
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