EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 05 JULY 2017

Soyabean trading range for the day is 2931-3091. Soyabean prices gained amid lower pace in physical arrivals and lower sowing data compared to last year. Global soybean production in 2016-17 is seen at 351 mln tn, up 36 mln tn from the estimated output for 2015-16. NCDEX accredited warehouses soyabean stocks dropped by 1607 tonnes to 51258 tonnes. At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 2917 Rupees per 100 kgs.

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