Tuesday, 7 August 2018

EPIC RESEARCH NCDEX Soyabean UPDATE OF 7 August 2018

Soyabean trading range for the day is 3333-3431.

* Soyabean prices dropped tracking weakness in spot demand amid improved IMD weather forecast for crop progress during month of Aug- Sept.

* Moreover, report of increased planting in major soybean growing states and sluggish buying at physical market also weighed on prices.

* In the USDA weekly crop progress report, 70% of soybean is reported to be in good to excellent conditions unchanged from previous week.

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