EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 7 FEBRUARY 2017

• Soyabean trading range for the day is 3451-3649.
  
• Soyabean prices gained on short covering after prices dropped on increasing demand concerns and easing supply worries.
• Currently crushers are liquidating their stocks in derivative markets to book higher profit in anticipation of increasing global ending stockpiles.
• NCDEX accredited warehouses soyabean stocks dropped by 1422 tonnes to 197713 tonnes.
• At the Indore spot market in top producer MP, soybean dropped -47 Rupees to 3560 Rupees per 100 kgs.

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