Wednesday, 11 July 2018

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 11 July 2018

Soyabean trading range for the day is 3465-3531.

Soyabean prices dropped on profit booking after prices gained amid firm demand in spot market and reports of good meal exports in June.

According to Agriculture ministry, the area under soybean was estimated at 858,400 ha as of last week, down by 44% from a year ago.

NCDEX accredited warehouses soyabean stocks gained by 30 tonnes to 7296 tonnes.

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