Capital stroke NCDEX Update Update : SOYABEAN 2 JULY 2014

Soyabean trading range for the day is 3770-3900.Soyabean prices ended with losses tracking weakness in spot demand on profit booking after prices gained on delayed monsoon rains.Delay in monsoon rains is giving way to fear of decline in production.Farmers said last week of June is considered best time for sowing and there is always risk on some decline in yield when sowing extends beyond that.At the Indore spot market in top producer MP, soybean dropped  -4 rupee to 4189 rupee per 100 kgs.

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