Wednesday, May 16, 2018

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 16 MAY 2018


  • Soyabean trading range for the day is 3695-3883.
  • Soyabean prices gained tracking firmness in spot demand on short covering after prices dropped amid easing supply worries and poor demand for Indian soymeal.
  • SOPA in a statement requested the government to increase export incentives for soybean meal, said sources.
  • NCDEX accredited warehouses soyabean stocks dropped by 4220 tonnes to 47323 tonnes.
  • At the Indore spot market in top producer MP, soybean gained 14 Rupees to 3754 Rupees per 100 kgs.

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