EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 06 JULY 2017

Soyabean trading range for the day is 2960-3080.Soyabean prices ended with losses on profit booking after prices gained on expectation of good physical buying due to good rally in edible oils.As per d-ata, arrivals of soybean during last week were down 37% to 39,588 tonnes as compared to 62,976 tonnes in the previous week.NCDEX accredited warehouses soyabean stocks dropped by 79 tonnes to 51179 tonnes.At the Indore spot market in top producer MP, soybean gained 22 Rupees to 2939 Rupees per 100 kgs.

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