Thursday, 21 April 2011
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Soybean trades up on short covering
The NCDEX soybean futures traded on a positive note on Tuesday due to short covering on previous decline. Investors and traders covered their short positions ahead of IMD's monsoon forecast report. Smart recovery in international market also rendered support to the Indian market. However, spot markets remained under pressure due to poor off-take of the produce from end-users. Outlook
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