EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 3 JANUARY 2017

• Soyabean trading range for the day is 3112-3162.
  
• Soyabean prices ended with gains on lower arrivals amid buying at lower level.
• However downside seen limited as farmers are hoarding their produces in order to fetch higher prices. NCDEX accredited warehouses soyabean stocks gained by 174 tonnes to 211740 tonnes.
• At the Indore spot market in top producer MP, soybean gained 32 Rupees to 3156 Rupees per 100 kgs.

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