EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 31 JULY 2017

Soyabean trading range for the day is 3004-3090. Soyabean gained tracking firmness in spot demand despite of good crop conditions of soybean in central India. India’s soybean output is estimated at 11.49 million tonnes for the year 2016-17. NCDEX accredited warehouses soyabean stocks dropped by 1011 tonnes to 26743 tonnes. At the Indore spot market in top producer MP, soybean gained 3 Rupees to 2972 Rupees per 100 kgs.



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