EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 30 OCTOBER 2017

Soyabean trading range for the day is 2777-2877.Soyabean dropped tracking weakness in spot demand coupled with new season arrivals and higher stocks from last year. As per data, during the first 25 days of Oct. soybean arrivals have been recorded at 7.6 lakh tonnes compared to close to 9 lakh tones last year. NCDEX accredited warehouses soyabean stocks gained by 2576 tonnes to 43906 tonnes.At the Indore spot market in top producer MP, soybean dropped -14 Rupees to 2810 Rupees per 100 kgs.

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