Friday, February 12, 2016

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 12 FEBRUARY 2016

Soyabean trading range for the day is 3709-3935.
Soyabean prices ended with gains amid supply worries from United States despite poor demand from local crushing plants amid high moisture content arrival..
USDA maintained 2015-16 United States soybean production forecast for February month while hiked its forecast for ending stockpiles
However, USDA raised its forecast for 2015-16 US soybean ending stockpiles to 450 million bushels in February month compared to 440 million bushels.


At the Indore spot market in top producer MP, soybean dropped -7 rupee to 3807 rupee per 100 kgs. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co

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