Monday, 5 February 2018

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 05 FEBRUARY 2018

Soyabean trading range for the day is 3619-3745.Soyabean dropped on late profit booking after prices gained due to downward revision in soybean productionMaharashtra also cut its soybean production by almost 16% to 38.6 lakh tonnes (Vs 46.23 lt last year) this year.NCDEX accredited warehouses soyabean stocks dropped by 1983 tonnes to 201459 tonnes.At the Indore spot market in top producer MP, soybean dropped-27 Rupees to 3736 Rupees per 100 kgs.

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