Tuesday, January 17, 2017

EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 17 JANUARY 2017

Soyabean trading range for the day is 3066-3104. Soyabean prices gained due to increasing demand from the bulk buyers and oil millers at the spot market. Soybean prices improved further after the USDA trimmed its estimate of the US 2016 soybean yield to 52.1 bushels per acre, still an all-time high. NCDEX accredited warehouses soyabean stocks gained by 3243 tonnes to 155717 tonnes. At the Indore spot market in top producer MP, soybean gained 14 rupee to 3085 rupee per 100 kgs. 

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