LATTEST CS AGRI NEWS UPDATE NCDEX SOYABEAN -24 DEC 2014

• Soybean futures were trading positive on Wednesday. Bullish trade is predicted for the commodity for short term and intra day.
• NCDEX Soybean January contract gained 0.54% to 3362 levels on Wednesday .
• Soybean January contract is likely to trade bullish for both short term and intra day. Short term support is seen at 3280 and resistance at 3450. “Intra day support is seen at 3340 and and resistance at 3380.
• Soybean plant rates traded higher by Rs 20, quoted at Rs 3,275-3,325/100kg on the Indore market.
• The USDA’s baseline forecast calls for a small decline in 2015 soybean plantings, to 84.0 million acres. Exports are increased 40 million bushels to 1,760 ahead of the South American harvest expected in Feb onwards.