EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 03 JULY 2017

Soyabean trading range for the day is 2858-2978.Soyabean prices gained on lower sowing along with reports of poor monsoon progress sparked supply shortage. All India soybean arrivals were stood at 100,000-155,000 bags (90 kilogram per bag) as compared to 160,000-175,000 bags. NCDEX accredited warehouses soyabean stocks dropped by 6744 tonnes to 54074 tonnes. At the Indore spot market in top producer MP, soybean gained 2 Rupees to 2938 Rupees per 100 kgs.



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