EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 23 JANUARY 2017

Soyabean trading range for the day is 3098-3162. Soyabean prices dropped on expectation of higher supply in global market. IGC hiked world soybean production by 6% for the current oil period 2016-17 (Oct-Sep) on robust harvest in major bean growers. NCDEX accredited warehouses soyabean stocks gained by 867 tonnes to 164051 tonnes. At the Indore spot market in top producer MP, soybean dropped -25 rupee to 3117 rupee per 100 kgs.

For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664