EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 04 MAY 2017

Soyabean trading range for the day is 2876-2966.Soyabean prices dropped on higher arrivals and subdued demand for soymeal in local mandis.All India soybean arrivals were stood at 150,000-155,000 bags (90 kilogram per bag) as compared to 65,00-70,000 bags.NCDEX accredited warehouses soyabean stocks dropped by 613 tonnes to 147515 tonnes.At the Indore spot market in top producer MP, soybean dropped -23 Rupees to 3058 Rupees per 100 kgs.

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