India: Soybean slumps on selling pressure

The soybean futures on Indian exchanges traded on a negative note on Monday on emergence of selling pressure. Sluggish demand for the produce in local markets amid thin supplies had a bearish impact on the futures market. Due to absence of fresh soy meal export demand from South East Asian countries, traders and crushers were away from active buying of beans from the spot market. Indian

http://bit.ly/jvymf2