India: Soybean weakens on arrival pressure

Soy bean spot prices as well as futures ended lower on account of weak soybean future at electronic Chicago Board of Trade (CBOT). Harvesting pressure in Brazil and Argentina also added bearish market sentiments. The weekly export inspections report released on May 2, 2011, which showed soybean exports at just 5.525 million bushels as compared with 11.0 million last week and 12.49 million

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