Wednesday, 2 August 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 02 AUGUST 2017

Soyabean trading range for the day is 3097-3181. Soyabean dropped tracking weakness in spot demand weak overseas prices after USDA pegged the condition of the crop above market forecasts.USDA pegged 59 percent of the U.S. soybean crop at good to excellent, up 2 percent from last week and ahead of market expectations.NCDEX accredited warehouses soyabean stocks dropped by 181 tonnes to 26526 tonnes. At the Indore spot market in top producer MP, soybean dropped -1 Rupees to 2989 Rupees per 100 kgs.

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