Tuesday, April 16, 2019

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 16 APRIL 2019


  • Soyabean trading range for the day is 3692-3842.
  • Soyabean dropped on profit booking after prices gained due to buying by millers in physical on demand hope for soymeal.
  • USDA in its monthly report trimmed its forecast of U.S. 2018/19 soybean stocks to 895 million bushels, down from 900 million in March.
  • Soybean production is estimated higher by 20 per cent at 136.89 lakh tonnes as compared to 113.90 lakh tonnes produced during 2017-18.
  • At the Indore spot market in top producer MP, soybean dropped -30 Rupees to 3879 Rupees per 100 kgs.

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