Wednesday, 27 February 2019

EPIC RESEARCH NCDEX Soyabean UPDATE OF 27 February 2019



Soyabean trading range for the day is 3652-3732.

* Soyabean dropped tracking weakness in spot demand on higher off-season arrivals and higher production forecasts.

* India’s soybean output is higher by 38% at 114.8 lakh tonnes this year due to increase in average yield across the country.

* Reports showed soymeal exports from India are expected to rise 25% on year to around 15 lakh tonnes in 2018-19


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