Indian soy futures steady on dull exports

India's soy futures ended steady as a slight improvement in spot demand outweighed a fall in meal exports.

Weak overseas demand for Indian meal is not allowing soy prices to rise significantly.

In Indore spot market in top producer Madhya Pradesh, soy price rose by Rs13 to Rs2,017. Market has opened at 2055 and made a low of 2048 versus the day high of 2061.5. The total volume for the day was at 20930 lots and the open interest was at 86300.

Support for soy is at 2048 below that could see a test of 2041. Resistance is now seen at 2061 above that could see a resistance of 2068.