EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 16 MAY 2017

Soyabean trading range for the day is 2838-2926.Soyabean ended with losses due to forecasts of ample supplies in global markets. Informa raised its forecast of US 2017 soybean plantings to 89.662 million acres, above the USDA's March figure of 89.5 million acres.NCDEX accredited warehouses soyabean stocks dropped by 3902 tonnes to 128116 tonnes.At the Indore spot market in top producer MP, soybean dropped -30 Rupees to 3041 Rupees per 100 kgs.

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