Wednesday, 13 September 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 13 SEPTEMBER 2017

Soyabean trading range for the day is 3081-3145.Soyabean prices ended with gains because of the lower output, which would limit soymeal exports.India’s soybean production during the 2017/2018 crop year may drop 22 percent from a year ago after a reduction in the planting area.The lower soybean output could require India, to raise soyoil and palm oil imports during the 2017/18 marketing year starting from November.At the Indore spot market in top producer MP, soybean gained 8 Rupees to 3061 Rupees per 100 kgs.

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