EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 10 November 2016

Soyabean trading range for the day is 2949-3091. Soyabean prices ended with losses due to higher supplies of new season crop compared to its demand. As per SEA recent survey soybean production in 2016-17 (Jul-Jun) forecasted at 10.9 mt, up 58% from the last year. NCDEX accredited warehouses soyabean stocks gained by 2376 tonnes to 42582 tonnes. At the Indore spot market in top producer MP, soybean dropped -72 rupee to 2905 rupee per 100 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300