EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 12 MAY 2017

Soyabean trading range for the day is 2908-2958. Soyabean prices ended with gains as spot prices improved 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 1813 tonnes to 134148 tonnes. At the Indore spot market in top producer MP, soybean gained 3 Rupees to 3077 Rupees per 100 kgs.

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