Wednesday 16 July 2014

Capital stroke NCDEX Update : SOYABEAN 17 July 2014



Soyabean trading range for the day is 3642-3740.
Soyabean settled flat on the concerns about delayed sowing in the central India due to subdued rainfall.
Soybean output is expected to rise to record 3.8 billion bushels on yields of 45.2 bushels an acre, the USDA said, beating expectation of 3.78 billion bushels.
NCDEX accredited warehouses soyabean stocks gained by 569 tonnes to 41094 tonnes.

At the Indore spot market in top producer MP, soybean dropped -3 rupee to 4068 rupee per 100 kgs.

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