EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 06 FEBRUARY 2018

Soyabean trading range for the day is 3495-3691. Soyabean prices dropped tracking weakness in spot demand after prices seen supported on lower availability of crops due to hoarding. Soybean daily arrivals in local mandis averaged at 70,000-80,000 bags during past five trading days. NCDEX accredited warehouses soyabean stocks dropped by 2324 tonnes to 199135 tonnes. At the Indore spot market in top producer MP, soybean dropped -129 Rupees to 3607 Rupees per 100 kgs.

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