Thursday 9 August 2018

EPIC RESEARCH NCDEX Soyabean UPDATE OF 9 August 2018

Soyabean trading range for the day is 3315-3413.

* Soyabean prices dropped tracking weakness in spot demand as area under soybean increased.

* Pressure also seen on projection of favourable weather triggered expectation of higher supply while demand from crushers is declining.

* As per the report, area under soybean in the country increased by 10.6% at 10.9 lakh ha as of last week compared to last year sowing.




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