EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 11 JANUARY 2017

Soyabean trading range for the day is 3005-3063. Soyabean prices dropped on expectation of higher supply on back on rabi sowing. Prices also ended with losses due to higher arrivals and hand to mouth demand from processors. NCDEX accredited warehouses soyabean stocks gained by 527 tonnes to 147079 tonnes. At the Indore spot market in top producer MP, soybean dropped -19 rupee to 3021 rupee per 100 kgs.

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