Monday 4 June 2018

EPIC RESEARCH NCDEX SOYABEAN OF 04 June 2018

Soyabean trading range for the day is 3524-3620.

Soyabean prices dropped tracking global market cues along with normal monsoon forecast.

USDA projects soybean output at 10.8 million tons compared to 9 million tons a year ago owing to normal monsoon forecast.

NCDEX accredited warehouses soyabean stocks dropped by 259 tonnes to 27805 tonnes.

At the Indore spot market in top producer MP, soybean dropped -23 Rupees to 3621 Rupees per 100 kgs.

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