EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 26 DECEMBER 2016

Soyabean trading range for the day is 2921-3045. Soyabean gained on short covering after prices dropped tracking weakness from global prices as rains in Argentina eased fears of production losses. SOPA forecasted soybean production in 2016-17 at 114.91 lakh tonnes against 70 lakh tonnes last year. NCDEX accredited warehouses soyabean stocks gained by 830 tonnes to 134862 tonnes. At the Indore spot market in top producer MP, soybean dropped -7 rupee to 2983 rupee per 100 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300