Tuesday, 17 October 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 17 OCTOBER 2017

Soyabean trading range for the day is 2887-2957.Soyabean dropped tracking weakness in spot demand amid profit booking after prices seen supported on supply worries in global market.However downside seen limited on lower arrivals in local mandis as farmers are hoarding produces to take benefit of Bhavantar Bhugtan Yojana after Oct 16.NCDEX accredited warehouses soyabean stocks gained by 9399 tonnes to 24721 tonnes.At the Indore spot market in top producer MP, soybean dropped -32 Rupees to 2883 Rupees per 100 kgs.

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