Monday 25 August 2014

Capital stroke NCDEX Update : SOYABEAN 26 August 2014



Soyabean trading range for the day is 3313-3423.
Soybean ended with losses as forecasts of near-record production in the United States continued to drag prices lower.

Soyabean crops are under stress in Maharashtra, Gujarat and Madhya Pradesh as monsoon remained subdued over central India.

India soybean sowing until now was down by 9% at 10.9 million hectare compared to 12.13 million hectare a year ago.

At the Indore spot market in top producer MP, soybean dropped -67 rupee to 3771 rupee per 100 kgs.


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