EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 05 MAY 2017

Soyabean trading range for the day is 2896-2966. Soyabean prices gained on short covering after prices dropped amid ample available stocks in the country. Reports showed that arrivals of soybean during Apr 2017 is 2.82 lakh tonnes, higher by 20% compared to last year same month. NCDEX accredited warehouses soyabean stocks dropped by 965 tonnes to 146550 tonnes. At the Indore spot market in top producer MP, soybean dropped -2 Rupees to 3056 Rupees per 100 kgs.

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