Monday, February 25, 2019

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 25 FEBRUARY 2019


  • Soyabean trading range for the day is 3685-3785.

  • Soyabean prices ended with losses tracking weakness in spot demand on higher off-season arrivals and higher production forecasts.
  • India’s soybean output is higher by 38% at 114.8 lakh tonnes this year due to increase in average yield across the country.
  • Reports showed soymeal exports from India are expected to rise 25% on year to around 15 lakh tonnes in 2018-19
  • At the Indore spot market in top producer MP, soybean dropped  -3 Rupees to 3842 Rupees per 100 kgs.

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