Sharekhan Commodities Buzz dated December 29, 2006

Soy bean: Positive
Arrivals of beans in Madhya Pradesh declined considerably. Strong sentiments for edible oil are expected to firm up demand at few places. However, solvent extraction units continued regular offtake of beans in bulk so as to suffice for buffer stocks for the next fortnight. The CBOT soy bean futures have also been positive this weak due to favourable export data for the USA.

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