EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 15 November 2016

Soyabean trading range for the day is 2970-3126. Soybean prices ended with losses on expectation of higher supply from United States and Brazil. The USDA hiked 2016-17 United States soybean production forecast for November and also raised its forecast for ending stockpiles. NCDEX accredited warehouses soyabean stocks gained by 3451 tonnes to 48648 tonnes. At the Indore spot market in top producer MP, soybean gained 82 rupee to 3015 rupee per 100 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300