Monday, July 30, 2018

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 30 JULY 2018


  • Soyabean trading range for the day is 3336-3398.
  • Soyabean dropped as pressure seen as soybean acreage is likely to be much higher than last year.
  • Indian soymeal is still uncompetitive in the global market because of cheap availability from the US and Argentina.
  • NCDEX accredited warehouses soyabean stocks dropped by 2953 tonnes to 8400 tonnes.
  • At the Indore spot market in top producer MP, soybean gained 6 Rupees to 3541 Rupees per 100 kgs.

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