Friday, May 25, 2018

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 25 MAY 2018


  • Soyabean trading range for the day is 3741-3799.
  • Soyabean dropped on late profit booking after prices gained on expectation of better demand for crushing from oil mills as govt is planning to hike import duties.
  • Soybean acreage is expected to be higher in coming kharif season as prices are attractive for the farmers.
  • NCDEX accredited warehouses soyabean stocks dropped by 2660 tonnes to 28923 tonnes.
  • At the Indore spot market in top producer MP, soybean dropped -9 Rupees to 3796 Rupees per 100 kgs.

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