Monday, 29 May 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 29 MAY 2017

Soyabean trading range for the day is 2676-2820.Soyabean gained on short covering after prices dropped earlier due to lower demand in the domestic market.However, the arrivals are lower as farmers reluctant to sell at ‘low prices’ so far this season.NCDEX accredited warehouses soyabean stocks dropped by 28 tonnes to 110915 tonnes.At the Indore spot market in top producer MP, soybean dropped -20 Rupees to 2929 Rupees per 100 kgs.

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