EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 16 November 2016

Soyabean trading range for the day is 2954-3062. Soyabean prices dropped as the ongoing cash crunch is affecting buying activity of oil millers and crushing units and on higher supply. World inventories before start of Northern Hemisphere harvest forecast to rise 5.8% to record as global output climbs for fourth time in past five years. NCDEX accredited warehouses soyabean stocks gained by 10998 tonnes to 59646 tonnes. At the Indore spot market in top producer MP, soybean dropped -30 rupee to 2985 rupee per 100 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300