EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 11 MAY 2017

Soyabean trading range for the day is 2905-2959. Soyabean dropped due to weak trend in the International market but spot prices improve on good meal exports data. According the latest forecast by IMD, India may receive higher monsoon than previous forecast in April. NCDEX accredited warehouses soyabean stocks dropped by 1022 tonnes to 135961 tonnes. At the Indore spot market in top producer MP, soybean dropped -1 Rupees to 3074 Rupees per 100 kgs.

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