Monday, March 25, 2019

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 25 MARCH 2019


  • Soyabean trading range for the day is 3656-3766.
  • Soyabean dropped on profit-booking due to bumper crop hopes in 2018- 19.
  • However, downside seen limited on concerns about El Nino affecting monsoon rains in 2019.
  • Meantime, soybean arrivals during current soybean year 2018-19 jumped nearly 25% to 7.3 million tons until February, while crushing grew 10%.
  • At the Indore spot market in top producer MP, soybean gained 12 Rupees to 3793 Rupees per 100 kgs.

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