EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 19 AUGUST 2016

Soyabean trading range for the day is 3440-3560. Soyabean gained tracking firmness in spot demand and overseas prices on the back of strong purchases by top importer China. USDA said that private exporters reported the sale of 381,000 tonnes of soybeans to China for delivery during the 2016/17 marketing year. USDA hiked 2015-16 US soybean production forecast for August and also raised its forecast for ending stockpiles, the department said. At the Indore spot market in top producer MP, soybean dropped -42 rupee to 3728 rupee per 100 kgs.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co