Thursday 28 March 2019

EPIC RESEARCH NCDEX Soyabean UPDATE OF 28 March 2019



Soyabean trading range for the day is 3556-3752.

Soyabean gained on short covering as El Nino gain strength which may affect monsoon.

However, upside seen limited on worries over demand for ample U.S. supplies as Brazilian farmers are harvesting a bumper crop.

Meantime, soybean arrivals during current soybean year 2018-19 (October-September) jumped nearly 25% to 7.3 million tons until February.

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