Friday, April 21, 2017

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 21 April 2017

  • Soyabean trading range for the day is 2966-3100. 
  • Soyabean prices gained as supplies are diminishing but the demand for crushing is intact due to encouraging soy meal exports. 
  • As per data, arrivals of soybean during Apr 1-15 are 120,423 while during in Mar it was about 1,64,286 tonnes during same time frame. 
  • NCDEX accredited warehouses soyabean stocks dropped by 664 tonnes to 170780 tonnes. 
  • At the Indore spot market in top producer MP, soybean gained 3 Rupees to 3089 Rupees per 100 kgs.
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