EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 28 JULY 2017

Soyabean trading range for the day is 2989-3093. Soyabean ended with gains on reports of lower sowing compared to last year. In its July crop report, soybean production in Argentina has been reduced to 55 mln tns compared to 57 mln tns estimated in the month of June. NCDEX accredited warehouses soyabean stocks dropped by 2420 tonnes to 27754 tonnes. At the Indore spot market in top producer MP, soybean gained 21 Rupees to 2969 Rupees per 100 kgs.

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