Monday, October 23, 2017

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 23 OCTOBER 2017


  • Soyabean trading range for the day is 2894-2922.
  • Soyabean dropped on profit booking after prices gained amid lower arrivals in local mandis as farmers are hoarding produces.
  • Downside seen limited on reports that government is expected to step in for procurement of soybean in Maharashtra and Rajasthan to help farmers.
  • NCDEX accredited warehouses soyabean stocks gained by 2199 tonnes to 31059 tonnes.
  • At the Indore spot market in top producer MP, soybean dropped  -1 Rupees to 2878 Rupees per 100 kgs.

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