Wednesday, January 08, 2014

EPIC AGRI COMMODITY UPDATE:SOYABEAN


Soyabean trading range for the day is 3598-3744.
Soyabean edged lower due to selling pressure triggered by weak demand and ample stocks in the spot market.
Trading sentiments weakened further due to sluggish demand of soyameal in export market as the overseas buyers are finding Indian prices higher
Arrivals of soyabean in Madhya Pradesh state dropped by 20000 bags of 100kg each to 80000 bags of 100kg each.
At the Indore spot market in top producer MP, soybean dropped -47 rupee to 3773 rupee per 100 kgs.

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