EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 06 JUNE 2017

Soyabean trading range for the day is 2698-2776. Soyabean prices gained on short covering after prices dropped on increasing arrivals in local mandis and lower demand.Soybean farmers are offloading stocks to raise funds for sowing. NCDEX accredited warehouses soyabean stocks dropped by 939 tonnes to 98747 tonnes. At the Indore spot market in top producer MP, soybean dropped -13 Rupees to 2872 Rupees per 100 kgs.

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