EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 02 FEBRUARY 2018

Soyabean trading range for the day is 3625-3781. Soyabean ended with losses on weak demand from crushers due to subdued export demand. Madhya Pradesh has lowered its estimate for soybean production in 2017-18 (Jul-Jun) to 5.3 mln tn from 6.9 mln tn projected in the first advanced estimate.NCDEX accredited warehouses soyabean stocks dropped by 2819 tonnes to 203442 tonnes. At the Indore spot market in top producer MP, soybean dropped -63 Rupees to 3763 Rupees per 100 kgs.



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