Futures contracts of soybean rose on the CBOT due to concerns over dry weather conditions in Argentina. The most-active January soybean contract on CBOT was at $10.1150 per bushel, up 0.3% from the previous close.
Indore soy up on higher incentive on soymeal export
Soybean prices in Indore rose due to increase in the incentive on export of soymeal by 2 percentage points to 7% under the Merchandise Export Incentive Scheme. Futures contracts of soybean on NCDEX traded up following the increase in export incentives on soymeal. The most-active January contract traded up 0.4% from previous close.