EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 27 April 2017

Soyabean trading range for the day is 2939-3001.Soyabean dropped tracking weakness in demand on increasing arrivals in the domestic spot markets.Lack of demand from export and domestic market along with bumper output this year kept bean prices under pressure.NCDEX accredited warehouses soyabean stocks dropped by 2791 tonnes to 154686 tonnes.At the Indore spot market in top producer MP, soybean dropped -19 Rupees to 3081 Rupees per 100 kgs.

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