Wednesday 29 October 2014

Capital stroke NCDEX Update : SOYABEAN 29 - OCT - 2014


Soyabean trading range for the day is 3092-3280.
Soyabean prices gained on supply concerns in domestic and international market and improved demand for the bean.
In Madhya Pradesh, soybean acreage stood at 5.54 million hectares down from 6.3 million hectare a year ago.
USDA cut 2014-15 US soybean ending stockpiles to 450 million bushels for October compared to estimates of 475 million bushels a month ago.


At the Indore spot market in top producer MP, soybean gained 113 rupee to 3158 rupee per 100 kgs.
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