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Thursday, May 18, 2017

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 18 May 2017


  • Soyabean trading range for the day is 2800-2886.
  • Soyabean prices ended with gains on short covering tracking firmness in spot demand after prices dropped on account of lower demand.
  • Around 60% soybean solvent extraction plants in Madhya Pradesh have shut their operations about two months earlier than expected.
  • NCDEX accredited warehouses soyabean stocks dropped by 2555 tonnes to 124719 tonnes.
  • At the Indore spot market in top producer MP, soybean gained 11 Rupees to 3007 Rupees per 100 kgs.

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