EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 14 JULY 2017

Soyabean trading range for the day is 2951-3031. Soyabean ended with losses tracking weakness in spot demand amid profit booking after prices rose due to deficient rains in soybean growing areas. As per government data, area under soybean crop across the country for the 2017-18 kharif was 53.6 lakh hectares till last week.NCDEX accredited warehouses soyabean stocks dropped by 1336 tonnes to 43165 tonnes. At the Indore spot market in top producer MP, soybean dropped -26 Rupees to 2983 Rupees per 100 kgs.



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