Tuesday 23 August 2016

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 23 AUG 2016

Soyabean trading range for the day is 3415-3511. Soyabean prices ended with losses on reports of improved sowing along with good distribution of rains. Sowing progress in leading soybean producers like Madhya Pradesh, Maharashtra, and Rajasthan improved following good rains during July. As on Aug 19, soybean sowing was recorded at 11.28 million hectare compared to 11.27 million hectare, data showed. At the Indore spot market in top producer MP, soybean gained 4 rupee to 3712 rupee per 100 kgs.

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