EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 31 JANUARY 2018

• Soyabean trading range for the day is 3566-3922.
  
• Soyabean dropped due to profit booking after prices gained tracking global cues amid supply concerns and demand hope.
• Government of Madhya Pradesh, trimmed its 2017-18 soybean output forecast by 23% to 5.3 million tons from 6.9 million tons in its second advanced estimates.
• NCDEX accredited warehouses soyabean stocks dropped by 1262 tonnes to 210936 tonnes.
• At the Indore spot market in top producer MP, soybean dropped -5 Rupees to 3858 Rupees per 100 kgs.

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