EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 22 NOVEMBER 2017

Soyabean trading range for the day is 2890-2978. Soyabean prices remained supported as the government hiked import duty on edible oil and global supply worries. In the weekly USDA crop progress report released on 20 November; around 96% of the new soybean crop has been harvested which is less than 98%. NCDEX accredited warehouses soyabean stocks gained by 4020 tonnes to 129690 tonnes. At the Indore spot market in top producer MP, soybean gained 1 Rupees to 2864 Rupees per 100 kgs.

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