Monday 25 June 2018

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 25 June 2018

Soyabean trading range for the day is 3390-3496.

Soyabean dropped due to expectation of higher sowing on account of forecast of normal rains.

Pressure also seen amid expectation of higher sowing due to forecast of normal rains, and lower meal exports data from both SEA and SOPA.

NCDEX accredited warehouses soyabean stocks dropped by 130 tonnes to 13634 tonnes.

At the Indore spot market in top producer MP, soybean dropped -15 Rupees to 3544 Rupees per 100 kgs.
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