Monday, May 29, 2017

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 29 May 2017


  • Soyabean trading range for the day is 2676-2820. 
  • Soyabean gained on short covering after prices dropped earlier due to lower demand in the domestic market.
  • However, the arrivals are lower as farmers reluctant to sell at ‘low prices’ so far this season.
  • NCDEX accredited warehouses soyabean stocks dropped by 28 tonnes to 110915 tonnes.
  • At the Indore spot market in top producer MP, soybean dropped  -20 Rupees to 2929 Rupees per 100 kgs.

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