EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 14 Oct 2016

Soyabean trading range for the day is 3054-3152.Soyabean prices ended with losses on subdued demand for soymeal in export market and on hope of higher output in global market.India's soybean output during 2016-17 is expected to rise by 56% despite reports of crop damages, the SOPA said.
India's total yellow bean production in 2016-17 seen at 10.8 million tons compared to 6.92 million tons in the same period a year ago.At the Indore spot market in top producer MP, soybean dropped -99 rupee to 3035 rupee per 100 kgs.


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