Wednesday 10 May 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 10 MAY 2017

Soyabean trading range for the day is 2919-2969. Soybean dropped on profit booking after prices gained on lower arrivals in local mandis.However, due to poor remuneration this year soybean growers in MP, are expected to shift to pulses and cotton tempted by attractive prices. NCDEX accredited warehouses soyabean stocks dropped by 1013 tonnes to 136983 tonnes. At the Indore spot market in top producer MP, soybean gained 3 Rupees to 3075 Rupees per 100 kgs.

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