Monday, 7 July 2014

Capital stroke NCDEX Update : SOYABEAN 8 July 2014



Soyabean trading range for the day is 3765-3885.
Soyabean recovered on fresh buying as planting delays in the central part of the country
India's monsoon rainfall was 53% below average, the fourth straight week of poor rains after a delayed onset.

USDA's estimate for soybean stockpiles also surprised market watchers because demand for the oilseeds has been strong.

At the Indore spot market in top producer MP, soybean remains unchanged at 0 rupee to 4126 rupee per 100 kgs.

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