EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 23 JUNE 2015

Soyabean trading range for the day is 3352-3566.

Soyabean prices dropped on expectation of higher domestic supply following progressive monsoon rains and on subdued demand.

Southwest monsoon continued to be above normal and likely to hit north India soon, said India Met Department.

NCDEX accredited warehouses soyabean stocks gained by 851 tonnes to 7616 tonnes.

At the Indore spot market in top producer MP, soybean dropped -149 rupee to 3474 rupee per 100 kgs.

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