Friday, February 5, 2016

EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 05 FEBRUARY 2016

Soyabean trading range for the day is 3733-3867.
Soyabean prices ended with losses on account of lower demand for soybean crush by oil mills.
USDA maintain US 2015-16 production estimates to 107 million tons compared to 108.4 in the previous month estimates and 106.9 million tons a year ago.
NCDEX accredited warehouses soyabean stocks dropped by 1502 tonnes to 51498 tonnes.
At the Indore spot market in top producer MP, soybean remains unchanged at 0 rupee to 3840 rupee per 100 kgs. 

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