Friday, 19 May 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 19 MAY 2017

Soyabean trading range for the day is 2777-2865.Soyabean prices dropped tracking weakness in spot demand and due to forecasts of ample supplies in global markets.Farmers in MP are expected to offload 70-80% of their stocks to raise fund for sowingNCDEX accredited warehouses soyabean stocks dropped by 2568 tonnes to 122151 tonnes. At the Indore spot market in top producer MP, soybean gained 10 Rupees to 3017 Rupees per 100 kgs.



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