Friday, 16 June 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 16 JUNE 2017

Soyabean trading range for the day is 2749-2867. Soyabean prices dropped on profit booking after prices gained on anticipation that farmers may shift out of soybean this season. As per the government weekly sowing data, area under soybean crop across the country for the 2017-18 kharif was at 26,900 ha till last week. NCDEX accredited warehouses soyabean stocks dropped by 2451 tonnes to 85556 tonnes.At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 2929 Rupees per 100 kgs.

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