EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 27 JUNE 2016

Soybean futures (July) will possibly take support near 3750 levels, as the supply side fundamentals may add cushion to the prices. It is reported that India's soybean acreage was down 35.3% on year at 44,200 ha as on June 20, due to delay in the onset of monsoon, according to data from the agriculture ministry. In Karnataka, soybean was sown over 22,000 ha, down from 57,000 ha a year ago, while the acreage was 4,100 ha in Maharashtra, down nearly 5% from a year ago.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co