EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 06 NOVEMBER 2017

Soyabean trading range for the day is 2847-2963.Soyabean prices dropped pressured by new season arrivals and higher stocks from last year. World soybean production stood at an all time-high at 351.254 million tonnes in the 2016/17 crop year. NCDEX accredited warehouses soyabean stocks gained by 4048 tonnes to 64266 tonnes. At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 0 Rupees per 100 kgs.

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