Monday 30 July 2018

EPIC RESEARCH NCDEX Soyabean UPDATE OF 30 July 2018

Soyabean trading range for the day is 3336-3398.

* Soyabean dropped as pressure seen as soybean acreage is likely to be much higher than last year.

* Indian soymeal is still uncompetitive in the global market because of cheap availability from the US and Argentina.

* NCDEX accredited warehouses soyabean stocks dropped by 2953 tonnes to 8400 tonnes.

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