EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 12 SEPTEMBER 2017

• Soyabean trading range for the day is 3064-3142.
  
• Soyabean gained on late short covering after prices dropped tracking weakness in spot demand amid oversupply woes following higher carry forward stocks.
• According to SOPA India's 2016-17 (Oct-Sep) total supply is expected to be at 11.93 million tons of which 441,000 tons are carry over from last year.
• Exports of soymeal during August jumped multi-fold to 81,079 tons as compared to 10,615 tons in the same period a year ago on higher imports
• At the Indore spot market in top producer MP, soybean dropped -17 Rupees to 3053 Rupees per 100 kgs.

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