Soyabean On NCDEX Settled Up By 1.41% At 3028



Soyabean on NCDEX settled up by 1.41% at 3028 amid lower pace in physical arrivals and lower sowing data compared to last year. However lower pace in physical arrivals and weak sowing data compared to last year also limited the downside. Data showed soybean arrivals during the week ended on June 30 dropped by 37% to 39,588 tons compared to 62,976 tons in the previous week. The USDA in its report showed soybean stocks at 963 million bushels, below an average of trade expectations.

The USDA put US 2017 soybean plantings at 89.513 million acres, up from its March forecast of 89.482 million but below an average of trade expectations for 89.750 million. Global soybean production in 2016-17 is seen at 351 mln tn, up 36 mln tn from the estimated output for 2015-16, due to upward revision in output by Argentina and Brazil, according to the International Grains Council's report.

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: