Tuesday, May 08, 2018

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 8 MAY 2018


  • Soyabean trading range for the day is 3676-3746.
  • Soyabean prices dropped on expectation of higher output in coming kharif season and weak demand from crushers.
  • With prospects of normal monsoon and higher returns during 2017-18 the farmers are expected to cover higher sowing area under soybean in 2018-19 kharif season.
  • NCDEX accredited warehouses soyabean stocks dropped by 10748 tonnes to 55681 tonnes.
  • At the Indore spot market in top producer MP, soybean gained 1 Rupees to 3729 Rupees per 100 kgs.

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