February contract of soybean closed around 1% lower on National Commodity and Derivatives Exchange due to tepid buying from soymeal exporters

The February contract of soybean closed around 1% lower on National Commodity and Derivatives Exchange due to tepid buying from soymeal exporters. Gains in key soybean contracts on the Chicago Board of Trade, however, restricted the fall on NCDEX. Soybean rose on the American exchange following reports that China will increase its purchases from the US. Higher demand from Beijing gives an indication of easing concerns between the US and China. The trade of soybean and wheat grading seeds has been the business of profit. The seed giving a profit of Rs 500 a quintal has come to the headlines in the business market board, Bhopal. Mandi administration can now check grading seed godown. the produce purchased from the mandi or outside can not be sold in the seed. Seeds are a process.