EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 11 JULY 2017

Soyabean trading range for the day is 3022-3128. Soyabean prices ended with gains on expectation of good physical buying and irregular monsoon. Area under soybean crop across the country for the 2017-18 kharif was 53.6 lakh hectares till last week, up by about 10% on year. NCDEX accredited warehouses soyabean stocks dropped by 878 tonnes to 45768 tonnes. At the Indore spot market in top producer MP, soybean gained 73 Rupees to 3017 Rupees per 100 kgs.

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