EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 07 JULY 2017

Soyabean trading range for the day is 2938-3078. Soyabean prices ended with gains on expectation of good physical buying due to good rally in edible oils. Farmers in the country planted soybean across 1.52 mln ha, down 19.2% on year. NCDEX accredited warehouses soyabean stocks dropped by 198 tonnes to 50981 tonnes. At the Indore spot market in top producer MP, soybean dropped -8 Rupees to 2931 Rupees per 100 kgs.



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