Friday 27 June 2014

Capital stroke NCDEX Update : SOYABEAN 27 June 2014




Soyabean trading range for the day is 3899-3961.
Soyabean ended with gains investors bought the bean at lower prices to cover short positions amid expectation of shrinking inventories in the US.
Uncertainty prevails in the market amid mixed sentiment and delayed monsoon.
International prices traded higher as heavy rainfall in growing areas may hamper crop coupled with lower US stockpiles.

At the Indore spot market in top producer MP, soybean gained 27 rupee to 4001 rupee per 100 kgs.

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