Thursday, February 21, 2019

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 21 FEBRUARY 2019


  • Soyabean trading range for the day is 3749-3825.
  • Soyabean prices ended with losses tracking weakness in spot demand amid higher production forecasts.
  • India’s soybean output is likely to rise by a staggering 38 per cent this year on a sharp increase in average yield across the country.
  • India’s total soybean output standing at 11.48 million tonnes during the ongoing harvesting season as compared to 8.36 million tonnes in the previous season.
  • At the Indore spot market in top producer MP, soybean dropped  -9 Rupees to 3850 Rupees per 100 kgs.

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