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Thursday, December 07, 2006

Sharekhan Commodities Buzz dated December 07, 2006


Soybean: Volatile moves
Soybean futures closed lower after opening higher. The spot prices were higher due to continued buying by the extractors. However, bird flu has turned the sentiment very weak in the entire soy complex. Stock liquidation by the wholesalers due to fears of a drop in soy meal prices because of the bird flu scare in South Korea also kept the prices down

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