EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 25 AUGUST 2016

Soyabean trading range for the day is 3433-3507. Soyabean dropped amid report production, higher edible oil imports and lower export demand for soymeal. The US soybean crop is reported to be setting pod at 89% compared to 85% during the corresponding period last year and 5 year average.USDA raised its forecast for 2015-16 US soybean ending stockpiles to 330 million bushels in August compared to 290 million bushels in the previous month. At the Indore spot market in top producer MP, soybean dropped -7 rupee to 3706 rupee per 100 kgs. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co