EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 6 JANUARY 2017

Soyabean trading range for the day is 3048-3106. Soyabean prices gained on expectation of strong demand for soymeal in domestic market. Crush margins are also favourable thus demand from processors continued to remain good. NCDEX accredited warehouses soyabean stocks gained by 443 tonnes to 146275 tonnes. At the Indore spot market in top producer MP, soybean gained 6 rupee to 3077 rupee per 100 kgs.

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