Tuesday 16 January 2018

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 16 JANUARY 2018

Soyabean trading range for the day is 3232-3360. Soyabean prices gained as supplies have been diminishing slowly in the physical market and reports that the inventories are lower compared to last year.Mills in the country crushed around 950,000 tn soybean in December, unchanged from the previous year, and around 2.7 mln tn in Oct-Dec. NCDEX accredited warehouses soyabean stocks dropped by 406 tonnes to 217540 tonnes. At the Indore spot market in top producer MP, soybean gained 24 Rupees to 3327 Rupees per 100 kgs.

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