Monday, 30 January 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 30 JANUARY 2017

Soyabean trading range for the day is 3017-3065. Soyabean prices ended with losses tracking weakness in spot demand on increasing arrivals in the mandis. USDA 2016-17 United States soybean production forecast for January also cut forecast for ending stockpiles compared to previous month NCDEX accredited warehouses soyabean stocks gained by 2147 tonnes to 172897 tonnes. At the Indore spot market in top producer MP, soybean dropped -36 Rupees to 3026 Rupees per 100 kgs.

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