Tuesday, 23 May 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 23 MAY 2017

Soyabean trading range for the day is 2781-2871. Soyabean prices ended with losses amid lower domestic demand and ample supplies in the global markets. Soybean farmers in Madhya Pradesh and Maharashtra are offloading stocks to raise funds for sowing on prospects of likely early arrival of monsoon rains.NCDEX accredited warehouses soyabean stocks dropped by 4079 tonnes to 116757 tonnes. At the Indore spot market in top producer MP, soybean gained 30 Rupees to 3016 Rupees per 100 kgs.



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