EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 17 MAY 2017

Soyabean trading range for the day is 2733-2931.Soyabean prices ended with losses on account of lower demand and arrivals in local mandis spurted as marginal. Arrivals in the local mandis also rose as farmers are offloading to prepare for next sowing. NCDEX accredited warehouses soyabean stocks dropped by 842 tonnes to 127274 tonnes.At the Indore spot market in top producer MP, soybean dropped -45 Rupees to 2996 Rupees per 100 kgs.

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