Friday 2 December 2016

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 2 DECEMBER 2016

Soyabean trading range for the day is 3147-3235. Soyabean prices settled flat amid improving arrivals in the physical market and expectations that the peak arrivals will be observed. The SOPA has put India’s soyabean crop at 114.9 lakh tonnes (lt) — about 5 per cent higher than the initial crop estimate of 108.8 lt. NCDEX accredited warehouses soyabean stocks gained by 570 tonnes to 98534 tonnes. At the Indore spot market in top producer MP, soybean gained 19 rupee to 3131 rupee per 100 kgs.

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