Wednesday, September 04, 2013

EPIC AGRI COMMODITY UPDATE:SOYABEAN


Soyabean trading range for the day is 3425-3633.
Soyabean gains due to possible delay in new crop in major producing states and strong demand of soyameal in local mandies.
Soybeans climbed the most in a week in Chicago as forecasts showed that a lack of rain in parts of the U.S. Midwest may hurt yields.
Arrivals of soyabean in Madhya Pradesh state dropped by -10000 bags of 100kg each to 80000 bags of 100kg each.
At the Indore spot market in top producer MP, soybean gained 22 rupee to 3568 rupee per 100 kgs.

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