Monday 18 June 2018

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 18 June 2018

Soyabean trading range for the day is 3412-3526.

Soyabean prices gained on anticipation of higher domestic crushing of soybean after government increase customs duty.

Around 25% of soybean stocks are with farmers and stockiest on weak demand from crushers.

NCDEX accredited warehouses soyabean stocks dropped by 250 tonnes to 15997 tonnes.

At the Indore spot market in top producer MP, soybean gained 31 Rupees to 3558 Rupees per 100 kgs.

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