EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 17 JULY 2017

Soyabean trading range for the day is 2933-3035.Soyabean gained tracking firmness in spot demand buy upside seen capped as good spell of rainfall have brightened soybean crop growth prospects.Additionally, India Meteorological Department have also predicted heavy to very heavy rains at isolated places over Madhya Pradesh. NCDEX accredited warehouses soyabean stocks dropped by 7 tonnes to 43158 tonnes.At the Indore spot market in top producer MP, soybean dropped -14 Rupees to 2968 Rupees per 100 kgs.

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