EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 13 JULY 2017

Soyabean trading range for the day is 2973-3075. Soyabean gains as support seen due to deficient rains in soybean growing areas of Madhya Pradesh, Rajasthan and Maharashtra.Soybean rates have increased in local mandis on speculation of lower output this year due to irregular rainfall. NCDEX accredited warehouses soyabean stocks dropped by 1016 tonnes to 44501 tonnes.At the Indore spot market in top producer MP, soybean dropped -26 Rupees to 2983 Rupees per 100 kgs.

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