Soybean tumbles on global cues

Soyabean yesterday we have seen that market has moved -0.71% tracking a drop in the U.S. market and as demand for Indian soymeal softened after key buyer China cut purchases. The weekly export inspections report released on May 2, 2011, which showed soybean exports at just 5.525 million bushels as compared with 11.0 million last week and 12.49 million bushels needed each week to reach the USDA

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