EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 23 MARCH 2017

Soyabean trading range for the day is 2870-2962. Soyabean prices ended with gains on account of lower supplies at the spot market. Soybean exports during Oct-Feb were estimated at 112,000 tonnes, compared with 80,186 tonnes in the year-ago period, as per SOPA data. NCDEX accredited warehouses soyabean stocks dropped by 2694 tonnes to 199277 tonnes. At the Indore spot market in top producer MP, soybean gained 2 Rupees to 3034 Rupees per 100 kgs.

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