EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 12 JANUARY 2017

Soyabean trading range for the day is 3017-3063. Soyabean prices ended with gains on short covering after prices dropped on subdued demand for bean. With improving weather prospects in South America demand is slowing down in the US. NCDEX accredited warehouses soyabean stocks gained by 1262 tonnes to 148341 tonnes. At the Indore spot market in top producer MP, soybean gained 6 rupee to 3027 rupee per 100 kgs.

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