EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 09 MARCH 2017

Soyabean trading range for the day is 2851-2923.

Soyabean ended with losses due to weak demand against ample supplies in the domestic markets. Further, lower soyabean prices in international markets with expectations of silo-bursting Brazilian supplies too added pressure. NCDEX accredited warehouses soyabean stocks dropped by 1971 tonnes to 216192 tonnes. At the Indore spot market in top producer MP, soybean gained  8 Rupees to 2988 Rupees per 100 kgs.

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