EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 06 October 2016

Soyabean trading range for the day is 3167-3301. Soyabean gained on short covering after prices dropped tracking weakness in spot demand and overseas prices. The U.S. soybean harvest was 26 percent complete as of now, ahead of the trade estimates' average of 25 percent. Total soybean 2016-17 output expected to be higher at 9.5 million tons as compared to 7 million tons previous year. At the Indore spot market in top producer MP, soybean dropped -12 rupee to 3198 rupee per 100 kgs. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co