Tuesday 13 May 2014

Capital stroke NCDEX Update : SOYABEAN 13 MAY 2014

Soyabean trading range for the day is 4684-4824.
Soyabean dropped on speculation of higher imports of the bean by United States to compensate with lower inventories.
Domestic cues continue to remain bullish amid dwindling supplies of the bean in the spot market which will also support the prices.
NCDEX accredited warehouses soyabean stocks gained by 60 tonnes to 15524 tonnes.
At the Indore spot market in top producer MP, soybean dropped  -39 rupee to 4799 rupee per 100 kgs.
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