Soybean gains on active buying

The soybean futures on Indian exchanges traded on a positive note for third consecutive day on Saturday on follow through buying.
Positive trend in overseas market gave underlying support to the Indian market. Supply disruption in Brazil due to heavy rainfall, tight ending stocks and bullish demand outlook gave underlying support to the global oil and oilseeds market.
On domestic front, traders and investors bought soybean futures anticipating revival in soy meal export demand. Limited supply of the produce and positive crush margin prompted crushers to go for aggressing bean buying.
Outlook
The bullish trend in the soybean futures market is likely to be extended on Monday on follow through buying.
Domestic traders and investors are likely to buy futures anticipating revival in soy meal export demand in the near term. Recovery in crush margin is likely to prompt crushers to go for aggressive buying of beans from the spot market, which may push the futures prices. Crush margin is above `1200 a ton.
Recent fall in the futures price is attracting investors and traders to go for buying at lower levels. Indian traders are optimistic about revival in soy meal export demand once Japan’s situation comes into normal. Indian market is likely to move in line with firm overseas market.
Supply disruption from South American countries—which has been affected by heavy rains in Brazil—is supporting the global oil and oilseeds market to trade higher. At present, eCBOT soy futures are trading slightly on a negative note on profit sales retreating from Friday’s gains.

(Source: http://www.commodityonline.com/futures-trading/technical/Soybean-gains-on-active-buying-22693.html)