EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 12 DECEMBER 2017

Soyabean trading range for the day is 3056-3150. Soyabean dropped tracking weakness in spot demand and overseas prices. However, downside seen limited on expectation of lower arrivals in local market and hope strong soymeal demand.NCDEX accredited warehouses soyabean stocks gained by 5444 tonnes to 190901 tonnes. At the Indore spot market in top producer MP, soybean dropped -9 Rupees to 3076 Rupees per 100 kgs.



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