Sharekhan Commodities Buzz dated December 11, 2006

Soybean: Off take strong in spot market
The demand for soybean is expected to increase during this week. Stockists and farmers are not willing to sell their stocks on expectations of the prices going up. However, the downtrend in soy meal prices has kept away the players from buying aggressively in the last month. Agriculture minister Sharad Pawar has said that the industry has estimated India's kharif 2006 oilseed output at 12.8 million tonne as against 13.7 million tonne a year ago.

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