EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 22 APRIL 2016

Soyabean trading range for the day is 4227-4341.
Soyabean prices gained on robust demand in export market and on supply worries from South America and Argentina.
India's soybean production during Oct-Mar is estimated by 7.388 million tons while carry forward stocks are estimated at 612,000 tons.
NCDEX accredited warehouses soyabean stocks gained by 1016 tonnes to 11400 tonnes.
At the Indore spot market in top producer MP, soybean dropped -9 rupee to 4286 rupee per 100 kgs.
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