EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 18 JULY 2017

Soyabean trading range for the day is 2949-3017. Soyabean dropped as good spell of rain over major bean growing areas spurted expectation of higher supply and weak demand. Prices of the soyabean will remain down as rebound in monsoon activity sparked market participants hope of higher output this year. NCDEX accredited warehouses soyabean stocks dropped by 439 tonnes to 42719 tonnes. At the Indore spot market in top producer MP, soybean gained 3 Rupees to 2971 Rupees per 100 kgs.



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