Spot Market Update: Soybeans Up In Indore, Monsoon Eyed

Soybeans have gained in last week on reports that the monsoon is likely to see a weak patch in next few days. Ready market demand for oil and meal is steady though and the spot prices are trading at Rs 3570 per quintal, up 0.28% on the day. The spot prices had dropped to a five month low before the recovery and coming trajectory would depend upon the monsoon.