Monday 11 September 2017

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 11 SEPTEMBER 2017

Soyabean trading range for the day is 3052-3144. Soyabean ended with gains on improved physical demand from oil mills and lower acreage in the country. However, upside seen limited amid reports of arrival of new season soybean in Madhya Pradesh. In its first forecast related to the next crop 2018, Abiove has forecasted Brazilian soybean exports at 65 million tonnes. At the Indore spot market in top producer MP, soybean dropped -4 Rupees to 3070 Rupees per 100 kgs.

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