Tuesday, January 22, 2019

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 22 JANUARY 2019


  • Soyabean trading range for the day is 3749-3915.
  • Soyabean prices gained supported by buying by millers in physical markets induced by hopes of fresh demand for meal exports.
  • Reports of lower crop in Brazil and Argentine, also boosted the prices in domestic markets induced by hopes of higher demand for India soymeal in the coming months.
  • NCDEX accredited warehouses soyabean stocks gained by 2396 tonnes to 137327 tonnes.
  • At the Indore spot market in top producer MP, soybean gained  104 Rupees to 3858 Rupees per 100 kgs.

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