Wednesday, 3 September 2014

Capital stroke NCDEX Update : SOYABEAN 3 September 2014



Soyabean trading range for the day is 3174-3324.
Soyabean prices dropped due to selling pressure triggered by weak demand in the spot market.
Moreover, a spell of rains persistent since last two days in soya-growing areas has brought fresh hopes of higher production.

Trading sentiments weakened further on report that the soymeal exports are expected to fall to a decade low in the current financial year.

At the Indore spot market in top producer MP, soybean dropped -52 rupee to 3649 rupee per 100 kgs.


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