EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 15 JANUARY 2018
Soyabean trading range for the day is 3199-3289. Soyabean dropped on profit booking tracking weakness in spot demand after prices seen support amid supplies have been diminishing slowly in the physical market. Prices also seen under pressure from expectations that the USDA will report bigger US stockpiles, pushing the oilseed to its biggest weekly fall in a month. NCDEX accredited warehouses soyabean stocks gained by 1081 tonnes to 217946 tonnes. At the Indore spot market in top producer MP, soybean dropped -30 Rupees to 3303 Rupees per 100 kgs.