Thursday, February 4, 2016

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 04 FEBRUARY 2016

Soyabean trading range for the day is 3798-3876.
Soyabean prices dropped on weak export demand for the crop in export market and on hope of higher supply from Brazil.
USDA reported that Chinese buyers had cancelled purchases of 395,000 tons of soybeans for delivery during the 2015-16 crop year.
NCDEX accredited warehouses soyabean stocks dropped by 631 tonnes to 53000 tonnes.


At the Indore spot market in top producer MP, soybean gained 1 rupee to 3840 rupee per 100 kgs.
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