EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 10 JULY 2017

Soyabean trading range for the day is 2984-3060. Soyabean dropped on late profit booking after prices gained on expectation of good physical buying due to good rally in prices.Pressure also seen on prices amid an anticipation that the acreage may improve in coming weeks due to good rains. NCDEX accredited warehouses soyabean stocks dropped by 4335 tonnes to 46646 tonnes.At the Indore spot market in top producer MP, soybean gained 13 Rupees to 2944 Rupees per 100 kgs.

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