EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 01 FEBRUARY 2018

Soyabean trading range for the day is 3663-3849. Soyabean dropped on profit booking after prices gained on supply worries amid expectation of hoarding by stockiest. Soybean arrivals in local mandis averaged at 75,000-100,000 bag (per bag of 100 kg) during past five trading days. NCDEX accredited warehouses soyabean stocks dropped by 4675 tonnes to 206261 tonnes. At the Indore spot market in top producer MP, soybean dropped -32 Rupees to 3826 Rupees per 100 kgs.

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