Wednesday, January 23, 2019

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 23 JANUARY 2019

  • Soyabean trading range for the day is 3738-3940.
  • Soyabean prices gained 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 1997 tonnes to 139324 tonnes.
  • At the Indore spot market in top producer MP, soybean dropped  -24 Rupees to 3834 Rupees per 100 kgs.

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