Tuesday 31 July 2018

EPIC RESEARCH NCDEX Soyabean UPDATE OF 31 July 2018

Soyabean trading range for the day is 3326-3396.

* Soyabean dropped on late profit booking after prices gained amid firmness in spot gains and overseas prices amid strong demand

* Area under soybean is up by around 11% at 93.87 lakh hectares (lh) as compared to the corresponding period last year.

* NCDEX accredited warehouses soyabean stocks dropped by 30 tonnes to 8370 tonnes.

* At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 3552 Rupees per 100 kgs.

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