Thursday 25 September 2014

Capital stroke NCDEX Update : SOYABEAN 26 September 2014



Soyabean trading range for the day is 3081-3187.
Soyabean prices gained on weak sowing of the crop due to poor rains in producing areas and improvement in demand due to festive season.

Acreage of soybean was down at 11 million hectare until September 12 from 12.22 million hectare a year ago, farm ministry data showed.

In Madhya Pradesh, soybean acreage stood at 5.54 million hectares down from 6.3 million hectare a year ago.

At the Indore spot market in top producer MP, soybean gained 26 rupee to 3291 rupee per 100 kgs.

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