EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 12 JULY 2018

• Soyabean trading range for the day is 3396-3522.
  
• Soyabean prices dropped tracking weakness in spot demand on hope of good sowing progress in coming weeks.
• Pace of sowing increase last week and now the deficit is only under 4% on year which was 48% in previous week.
• NCDEX accredited warehouses soyabean stocks dropped by 30 tonnes to 7266 tonnes.
• At the Indore spot market in top producer MP, soybean dropped -33 Rupees to 3604 Rupees per 100 kgs.

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