EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 3 Nov 2016

Soyabean trading range for the day is 3126-3172. Soyabean dropped tracking weakness in spot demand and overseas prices on pressure from expectations the U.S. government. The USDA said the U.S. soybean harvest was 87 percent completed, ahead of the five-year average of 85 percent. NCDEX accredited warehouses soyabean stocks gained by 1897 tonnes to 21475 tonnes. At the Indore spot market in top producer MP, soybean dropped -22 rupee to 3052 rupee per 100 kgs.
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