Monday, August 03, 2015

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 03 AUGUST 2015

Soyabean trading range for the day is 3105-3233.

Soyabean prices ended with losses on oversupply of the crop in domestic and international market.

Soybean area coverage during last week is higher by 2.407 million hectare to 10.48 million hectare.

The USDA hiked US, 2015-16 production estimates to 105.7 million tons compared to 104.8 in the previous month estimates.

At the Indore spot market in top producer MP, soybean gained 9 rupee to 3310 rupee per 100 kgs.

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