EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 27 NOVEMBER 2017

Soyabean trading range for the day is 2964-3040.Soyabean dropped on profit booking after prices gained on supply worries in global market and hope of higher demand.Dry spell in Argentina post sowing operations and higher rainfall in Brazil during sowing operation is expected to hit output. NCDEX accredited warehouses soyabean stocks gained by 2930 tonnes to 142412 tonnes. At the Indore spot market in top producer MP, soybean gained 25 Rupees to 2947 Rupees per 100 kgs.

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