EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 07 November 2016

Soyabean trading range for the day is 3094-3186. Soyabean prices dropped amid oversupply woes and on weak demand for soymeal in export market. A bumper harvest, along with sharp drop in soy seed demand due to a global slump in prices and a record drop in meal exports, have hit farmers hard. NCDEX accredited warehouses soyabean stocks gained by 5819 tonnes to 29771 tonnes. At the Indore spot market in top producer MP, soybean gained 5 rupee to 3067 rupee per 100 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300