Tuesday, 7 November 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 07 NOVEMBER 2017

Soyabean trading range for the day is 2782-2912. Soyabean prices dropped driven by new season arrivals and higher stocks from last year.Prices dropped below the government's MSP in major wholesale markets across the country, due to a surge in arrivals during the ongoing peak harvesting season. NCDEX accredited warehouses soyabean stocks gained by 8137 tonnes to 72403 tonnes. At the Indore spot market in top producer MP, soybean dropped -45 Rupees to 2771 Rupees per 100 kgs.

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