Wednesday, 4 May 2011
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Soybean drops on subdued demand
The NCDEX soybean futures extended its bearish trend on Tuesday on follow through selling backed by bearish fundamental factors. Poor 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
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