Soybean ; up 4.25 cent for overnight trading. Support by
- Weak dollar and crude oil prices.
- Slow harvest, percent harvest was only 23% from last year 49%.
- Nopa released US crushing this morning at 107.4 below trade estimated at 113 million bushels.
- SOPA estimated Indian's vegetable oil import at 7.98 million (11 month) from 5.43 million tonnes last year.
- Stochastic was overbought and have selling signal.
- Trader might lock their profit.
- Resistance was 996-1000 price will side way or higher to next resistance level (1,040-1,060) from weak dollar and outside market supported.
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