Oilseed Complex Settles Higher on Harvesting Concerns

Published 10/25/2011, 08:07 AM
Updated 05/14/2017, 06:45 AM

Soybean prices ended higher on Monday. Anticipation of the crop harvesting to be lower in U.S kept the prices higher. Spot market activities were very sluggish which left no cues for the futures to follow.

Soy oil prices traded positive throughout the day while ended marginally lower in far month contracts.

Fading edible oil demand and domestic crushing activities is weighing on the prices. Spot activities are also sluggish which kept prices under pressure.

Mustard seed prices gained marginally during the day while towards closing it ended lower as sowing prospects are weighing on market sentiments. Bulk demand for oil has come to end across major markets.

Spot activities are also very sluggish which kept prices under pressure.

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