EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 25 Oct 2016

Soyabean trading range for the day is 3083-3151.
Soyabean prices dropped due to arrival of new season crop from Madhya Pradesh, Rajasthan and Maharashtra.
Moreover, hopes of bumper crop output along with feeble export demand also prompted weakness.
NCDEX accredited warehouses soyabean stocks gained by 2429 tonnes to 6327 tonnes.
At the Indore spot market in top producer MP, soybean dropped -23 rupee to 2977 rupee per 100 kgs.

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