Monday, September 07, 2015

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 07 SEPTEMBER 2015

Soyabean trading range for the day is 3190-3302.

Soyabean prices gained on short covering after prices dropped earlier on weak export demand for Unites States soybean and for Indian soymeal.

Old-crop soymeal sales in the week ending August 27 were a net negative 13,900 tons, down from 56,100 the previous week.

Meanwhile, Oil World estimates in Oct-Sept 2014-15 China to import a record 76.3 million tons of soybeans.

At the Indore spot market in top producer MP, soybean gained 10 rupee to 3437 rupee per 100 kgs.

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