NCDEX Soybeans April, May, June, July, August Futures declined by 0.5-1% but March Futures has Strong 1.5% and is trading at Rs 2385. Soybeans have seen strength of 24% in 2 Months. Madhya Pradesh has come down from Supply soybean 1 million to 75,000 bags. Merchants estimated Farmers can save 35 million tons soybean. Soy plants have also seen lack of stock.
NCDEX Chana has been sluggish today. Chana to make sense is around Rs 3580. Chana March contract isexpiry today. NCDEX Guar Gum and Guar Seed is stuck in upper circuit of 4%.
NCDEX Chana Tips
Chana April Futures Sell - 3768, Stoploss - 3815, Target – 3720.
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