Monday, September 23, 2013

EPIC AGRI COMMODITY UPDATE:SOYABEAN


Soyabean trading range for the day is 3348-3436.
Soyabean ended with gains on buying support tracking firm spot demand and lower US soybean production estimates by the USDA.
The global soybean consumption for 2013/14 is projected higher at 238.24 million tonnes, up 0.31 million tonnes million tonnes
Arrivals of soyabean in Madhya Pradesh state gained by 5000 bags of 100kg each to 60000 bags of 100kg each.
At the Indore spot market in top producer MP, soybean dropped -36 rupee to 3468 rupee per 100 kgs.

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