EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 21 FEBRUARY 2018

Soyabean trading range for the day is 3739-3849. Soyabean prices ended with gains on reports that the production will be lower than expected.SOPA cuts soybean production by nearly 10 lt to 83.5 (lt) for 2017/18 crop.NCDEX accredited warehouses soyabean stocks dropped by 862 tonnes to 184934 tonnes. At the Indore spot market in top producer MP, soybean remains unchanged at 0 Rupees to 3838 Rupees per 100 kgs.

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