Soyabean
Soyabean
*Soyabean trading range for the day is 3021-3093.
*Soyabean settled flat as prices recovered from lows tracking firmness in spot demand and overseas prices amid global supply concerns.
*USDA maintained 2017-18 US soybean production while hiked forecast for ending stockpiles for December, the department said in its WASDE report.
*NCDEX accredited warehouses soyabean stocks gained by 2125 tonnes to 195298 tonnes.
*At the Indore spot market in top producer MP, soybean dropped -11 Rupees to 3056 Rupees per 100 kgs.
Rmseed
Rmseed
*Rmseed trading range for the day is 3972-4066.
*Mustard seed gained on short covering tracking firmness in spot demand after prices dropped due to reports of higher inventories.
*Mustard seed acreage across India during current rabi season may fall compared to last year as warm weather and moisture stress in Rajasthan hit sowing operations.
*NCDEX accredited warehouses mustard seed stocks dropped by 359 tonnes to 9995 tonnes.
*In Alwar spot market in Rajasthan the prices gained 12.9 Rupees to end at 4115.15 Rupees per 100 kg.
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NCDEX report, trading ideas for soyabean on 19 December 2017- It is trading between the range of 3035-3081. Prices of soyabean closed higher with the anticipation of improvement in demand in the market place.
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