Wednesday, March 02, 2016

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 02 MARCH 2016

Soyabean trading range for the day is 3644-3778.
Soyabean settled up on lower level buying after prices dropped amid ample supplies of soybeans in the US reported by USDA added pressure on prices.
Soyabean prices weakened further on ample supplies in the global markets amid advancing harvests in South America.
Overseas buyers begin to shift soybean purchases from the U.S. to South America also pressurize the prices.


At the Indore spot market in top producer MP, soybean dropped -37 rupee to 3725 rupee per 100 kgs.

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