In the domestic market, soybean complex edged higher after trading in a narrow range for five days in a row. Prices edged higher tailing the gains from the international market. However,many participants stayed away due to year end. Going forth, we must note that spot markets in Madhya Pradesh shall remain closed from 27th March - 2nd of April on account of festivals and yearly bank closure. This will trim arrivals and keep sentiments in favour of thebulls. However, post the month of March,supplies of mustard will set to rise and this is expected to pull down mustard price. Arrivals are expected to rise to average of 380,000-400,000 bags from the current arrivals of 280,000 bags. For the day we can expect a continuation of the upside in the soy complex.
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