EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 09 AUGUST 2017
Soyabean trading range for the day is 3098-3154. Soyabean ended with gains due to lower acreage and dry conditions in soybean growing areas of Madhya Pradesh. As per government data, soybean planting fell 10.4% to 99 lakh hectares compared with the same period last year. NCDEX accredited warehouses soyabean stocks dropped by 942 tonnes to 15906 tonnes. At the Indore spot market in top producer MP, soybean gained 10 Rupees to 2961 Rupees per 100 kgs.