EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 8 JULY 2016

Soyabean trading range for the day is 3755-3881. Soyabean prices dropped on steady physical demand as monsoon rains hit the soybean sowing regions of MP and Maharashtra. India's soybean output in crop year 2015-16 may slump to 11-year low as two years of drought resulting in crop damage and a fall in yield. NCDEX accredited warehouses soyabean stocks dropped by 112 tonnes to 21061 tonnes. At the Indore spot market in top producer MP, soybean dropped -49 rupee to 3793 rupee per 100 kgs.  For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co