EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 9 FEBRUARY 2018

• Soyabean trading range for the day is 3601-3783.
  
• Soyabean gained as support seen after SOPA revises 2017-18 soybean estimates downward to 8.35 mln tons.
• Soybean arrivals in January also slumped 45%, as recent hike in prices may prompt farmers to hoard their produces to fetch higher returns.
• NCDEX accredited warehouses soyabean stocks dropped by 6842 tonnes to 190942 tonnes.
• At the Indore spot market in top producer MP, soybean dropped -8 Rupees to 3679 Rupees per 100 kgs.

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