EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 03 AUGUST 2017

Soyabean trading range for the day is 3084-3140.Soyabean prices dropped tracking weakness in spot demand and weak overseas prices. Soybean acreages in Madhya Pradesh dropped by 12.48% to 4.55 million hectares compared to 5.20 million hectares in the same period a year ago.NCDEX accredited warehouses soyabean stocks gained by 353 tonnes to 26879 tonnes.At the Indore spot market in top producer MP, soybean dropped -20 Rupees to 2969 Rupees per 100.

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