EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 3 JUNE 2016

Soyabean trading range for the day is 3832-3952.           
Soyabean prices gained tracked by higher prices in international markets due to concerns over the South American production.      
Indian farmers are set to reduce the area for soybean cultivation by up to 10% this year, too supported soyabean prices.              
NCDEX accredited warehouses soyabean stocks gained by 203 tonnes to 34430 tonnes.              
At the Indore spot market in top producer MP, soybean gained  13 rupee to 3979 rupee per 100 kgs.
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