EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 18 AUGUST 2016

Soyabean trading range for the day is 3415-3525. Soyabean prices recovered on short covering after dropped as expectations of near record U.S. production pressured the market. The U.S. Department of Agriculture said 72 percent of the soybean crop was in good-to-excellent condition, steady from a week ago. USDA in its monthly supply-demand report boosted its forecast for U.S. soybean exports in the 2015/16 marketing year by 85 million bushels. At the Indore spot market in top producer MP, soybean dropped -42 rupee to 3728 rupee per 100 kgs.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co