Wednesday, 9 November 2016

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 09 Nov 2016

Soyabean trading range for the day is 3042-3112. Soyabean prices dropped due to the harvest season and weak demand for soymeal in export market. Soybean harvest is almost complete in major growing states and crop arrival will increase in coming weeks. NCDEX accredited warehouses soyabean stocks gained by 2912 tonnes to 40206 tonnes. At the Indore spot market in top producer MP, soybean dropped -13 rupee to 2977 rupee per 100 kgs.
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