EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 12 JULY 2016

Soybean futures and spot prices closed higher on Monday on reports of lower acreage and heavy rains in soybean producing areas of MP, which may damage crop. However, falling meal exports and rising cheap soyoil oil imports have affected soybean prices in recent months. Soybean Oct’16 contract closed 0.59% higher to settle at Rs. 3,764 per quintal. There are reports of lesser sowing area but may not affect the yield in Madhya Pradesh.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co

Soybean futures and spot prices closed higher on Monday on reports of lower acreage and heavy rains in soybean producing areas of MP, which may damage crop. However, falling meal exports and rising cheap soyoil oil imports have affected soybean prices in recent months. Soybean Oct’16 contract closed 0.59% higher to settle at Rs. 3,764 per quintal. There are reports of lesser sowing area but may not affect the yield in Madhya Pradesh. - See more at: http://www.investmentguruindia.com/CommoditiesReports/We-expect-cotton-prices-may-trade-sideways----Angel-Commodities#sthash.LiNPqI6r.dpuf