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Last week, Chicago soyabean futures (Nov-23) felt overall support.
Source: https://www.farminglife.com/country-and-farming/ni-weekly-market-report-24-july-2023-4231021
On Thursday, the US soyabean market was pressured following the release of the latest WASDE.
Source: https://www.farminglife.com/country-and-farming/ni-weekly-report-13-november-2023-4408347
Paris rapeseed futures (Nov-23) were down 4.5% last week (Friday to Friday) as pressure filtered through from soyabean markets and the market reactions surrounding the Black Sea situation stabilised.
Source: https://www.farminglife.com/business/the-northern-ireland-weekly-market-report-4244049
Similarly, soyabean fetched ₹5,051/quintal, 17.5 per cent above the MSP (₹4,300), and paddy sold at an average of ₹2,171/quintal, 6 per cent above the MSP of ₹2,040.
With over 80 million farmers, spanning nearly 113 countries, cultivating approximately 135 million hectares of land, the soyabean sector is nothing short of a global powerhouse.