Soybean prices to trade sideways today: Angel Commodities

According to Angel Commodities, Soybean April futures closed lower continues its range bound trade as demand and supply seems to be in balance.Soybean April futures closed lower continues its range bound trade as demand and supply seems to be in balance. The mills have procured large volumes of soybean earlier in the season at lower levels which helps in more competitive prices of meals for record exports. The supplies have been decreased drastically last week compared to previous week so as the demand. As per Agmarknet, arrivals of soybean during Mar 27 - Apr 1 were about 32,514 tonnes Vs 90,767 tonnes during previous week. CBOT soybean futures closed lower on Thursday due to profit booking after prices have rebound on fears of harvest delays in Argentina, along with China's return to the market after a holiday.  The soybean market is notably anticipating record production in Brazil which could dominate export trade in coming months and reduce U.S. export sales. As per USDA, net sales of 482,000 tonnes for 2016/2017 were down 29 % from the previous week and 11% from the prior 4 - week average.We expect Soybean prices to trade sideways on expectation of lower level buying and  good crushing demand.The views and investment tips expressed by investment experts/broking house strating agencies on  are their own, and not that of the website or its management.  advises users to check with certified experts before taking any investment decision

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UP to implement new industrial investment policy soon: Yogi Adityanath

 "The state government will solve problems pertaining to state entrepreneurs on priority. To attract investment and ensure establishment of industries a new industrial investment policy will be implemented soon", the CM said while addressing officers during presentation of Infrastructure and Industrial development department here yesterday.With a view to attract investors and establish industries in the state, Uttar Pradesh Chief Minister Yogi Adityanath has said it will soon implement new industrial investment policy."

The state government will solve problems pertaining to state entrepreneurs on priority. To attract investment and ensure establishment of industries a new industrial investment policy will be implemented soon", the CM said while addressing officers during presentation of Infrastructure and Industrial development department here yesterday"Single window system will be adopted to solve problems of investors. Land acquisition for Establishment of new industries should be done by taking farmers in confidence," he added.Emphasising on simplifying norms, the CM said rules and procedures should be simple and transparent, so that necessary clearance should be given in less time for setting up of industries.

Asking officers to work seriously on industrial development, the CM said it was necessary to "make atmosphere of investment in the state".On former Chief Minister Akhilesh Yadav's dream project Agra-Lucknow expressway, Yogi said the remaining work on this expressway should be completed by May, and work on Purvanchal Expressway should be carried forward.The CM asked officers to work on construction of airports at Agra, Jewar in Gautam Buddha Nagar, and decide on this to proceed further with the Centre.The CM also asked officers to see whether sick and closed units could again be started and made profitable. 

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Panel favours FY from January 1; govt examining recommendation

 Replying to questions in the Lok Sabha, he said disclosing the recommendations of the committee and the prima facie view of the government on it at this stage would be unfair as it may amount to pre-judging the issue.The government is examining the report of a committee which has recommended change in the financial year starting April 1, Finance Minister Arun Jaitley said today.Replying to questions in the Lok Sabha, he said disclosing the recommendations of the committee and the prima facie view of the government on it at this stage would be unfair as it may amount to pre-judging the issue.The committee is learnt to have recommended advancing the financial year and equating it with the calendar year from January Responding to supplementaries during Question Hour, he said since the move has various implications for the Centre, the states and various local bodies, it is necessary to have have wider consultations before arriving at a conclusion

Fight against corruption and black money will continue: Modi

Prime Minister Narendra Modi today said the fight against corruption and black money will continue.Prime Minister Narendra Modi today said the fight against corruption and black money will continue."Corruption and black money have destroyed the Indian democracy, eating into it like a termite. But due to your blessings, the fight against corruption and black money will continue," Modi said.During his interaction with some youths, the Prime Minister said the new generation wants to work with honesty and it is a good indication.Pointing out that it would be 75 years in 2022 since India got the Independence, Modi said if every person in the country takes a step ahead in all these five years, then the country would move at least 125 crore steps forward towards development.