Monday, May 25, 2015

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 25 MAY 2015

Soyabean trading range for the day is 3906-4132.

Soyabean prices ended with losses on subdued export demand and on higher supply of the crop in international market.

Sowing of soybean in second largest producer state Maharashtra after MP has started in irrigated area.

Marginal support can be expected from reports of Argentina strike intensifying in the US gulf.

At the Indore spot market in top producer MP, soybean dropped -5 rupee to 3978 rupee per 100 kgs.

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