Tuesday 29 August 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 29 AUGUST 2017

Soyabean trading range for the day is 3118-3302.Soyabean ended with losses on profit booking after prices gained amid expectations of lower production due to lower sowing area and reports of crop damage.India's soybean acreages for 2017-18 kharif dropped to 10.23 million hectare compared to 11.25 million hectares in the same period a year ago.NCDEX accredited warehouses soyabean stocks dropped by 3086 tonnes to 2572 tonnes.At the Indore spot market in top producer MP, soybean dropped -18 Rupees to 3155 Rupees per 100 kgs.

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