Thursday, July 04, 2013

EPIC AGRI COMMODITY UPDATE:SOYABEAN

Soyabean trading range for the day is 2999-3215.
Soybean prices dropped due rise in supply followed by rise in soybean acreage.
Higher than expected monsoon rains in June have raised India's hopes of a higher soybean crop.
Arrivals of soyabean in Madhya Pradesh state dropped by 30000 bags of 100kg each to 40000 bags of 100kg each.
At the Indore spot market in top producer MP, soybean dropped -26 rupee to 3720 rupee per 100 kgs.

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