Wednesday, January 18, 2017

Soyabean trading range for the day is 3057-3257. Soyabean prices gained on improved buying in line with rising price at international markets following forecasts of lower-than-expected US output. 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 2530 tonnes to 158247 tonnes. At the Indore spot market in top producer MP, soybean gained 46 rupee to 3131 rupee per 100 kgs.

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