EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 15 JUNE 2016

Soyabean on NCDEX settled down on weak demand in the domestic
markets. However, lower acreage expectations after reports that
farmers of Madhya Pradesh and Maharashtra may switch to pulses and
other cash crop due to lower crushing demand, capped some losses.
The USDA in its monthly report is expected to trim its estimate for
2016-17 U.S. and world soybean ending stocks from last
month.However, sharp gain in the yellow bean prices was capped by
soybean oilmeal exports slumped 92.77% to 1,015 tons in June
compared to 14,046 tons for the corresponding period a year earlier,
data released from Solvent Extractors Association of India (SEA)
showed. US soybean planting is 83% complete as on 5 June 2016
which is up from 77% during corresponding period last year and also
above from 5 year average of 77%. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co