Monday, 11 December 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 11 DECEMBER 2017

Soyabean trading range for the day is 3090-3160.Soyabean prices dropped tracking weakness in spot demand and overseas prices. According to SOPA, Soymeal exports from the country in 2017-18 (Oct-Sep) are seen rising to around 20 lakh tn from previous estimate of 15 lakh tn. NCDEX accredited warehouses soyabean stocks gained by 2494 tonnes to 185457 tonnes. At the Indore spot market in top producer MP, soybean dropped -8 Rupees to 3085 Rupees per 100 kgs.

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