Monday, 12 June 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 12 JUNE 2017

Soyabean trading range for the day is 2720-2890. Soyabean prices dropped on profit booking after prices gained amid concerns over lower supplies following strikes by farmersSoybean arrivals in local mandis during May were at 450,000 unchanged from previous month on need based consumption and selling in local mandis.NCDEX accredited warehouses soyabean stocks dropped by 620 tonnes to 90202 tonnes. At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 2886 Rupees per 100 kgs.

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