Soyabean On NCDEX Settled Down By -0.95% At 2811



Soyabean on NCDEX settled down by -0.95% at 2811 due to higher arrivals and bumper crop with the farmers. Though, reports of slow progress in soybean sowing in the country, capped some losses. US soybean planting is 96% complete which is up from 95% in the corresponding period last year and also up from 5 year average of 93%.

Soybean emergence is reported at 89% which is slightly up from 88% in the corresponding period last year and also up from 5 year average of 84%. About 67% of the soybean planted crop is under good to excellent condition which is down from 73% during the corresponding period last year. Soybean traders in Madhya Pradesh, the biggest bean growing state, called off their over a fortnight-long strike after promises from Chief Minister Shivraj Chouhan of not filing criminal cases traders buying farm products below Minimum Support Price or MSP.

For Quick Trial – 8962000225 ✔ 
or mail us here: info@ways2capital.com
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

NewerStories OlderStories Home

0 comments: