EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 9 JANUARY 2017

Soyabean trading range for the day is 3036-3094. Soyabean prices seen under pressure on expectation of higher supply in global market and on weak demand. Prices of the bean were down on oversupply woes as rainfall resume in major growing region of Brazil. NCDEX accredited warehouses soyabean stocks gained by 579 tonnes to 146854 tonnes. At the Indore spot market in top producer MP, soybean dropped -8 rupee to 3069 rupee per 100 kgs.

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