Friday 20 January 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 20 JANUARY 2017

Soyabean trading range for the day is 3124-3222. Soyabean dropped tracking weakness in spot demand despite of overseas gains on concerns that floods could crimp output in Argentina. Downside also seen limited on increasing soymeal export prospects and on supply worries from the United States. NCDEX accredited warehouses soyabean stocks gained by 2999 tonnes to 163184 tonnes. At the Indore spot market in top producer MP, soybean dropped -4 rupee to 3142 rupee per 100 kgs.

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