Capital stroke NCDEX Update : SOYABEAN 20 MAY 2014

Soybean production in the world's biggest bean grower is forecasted at 98.93 million tons compared to 89.51 million tons a year ago. Brazil, world's second biggest soybean producers, 2014-15 output is estimates at 91 million tons, up 3.5 million tons from previous year. Argentina, world's third biggest soybean producers, 2014-15 crop output estimates was unchanged at 54 million tons compared to previous year. At the Indore spot market in top producer MP, soybean dropped  -55 rupee to 4719 rupee per 100 kgs.

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