EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 12 NOVEMBER 2018

• Soyabean trading range for the day is 3324-3440.
  
• Soyabean settled down as demand in spot was also slack due to lack of soymeal demand for export.
• As per SOPA, soybean production in 2018/19 may highest in last 5 year at 114.8 lakh tonnes 37.8% higher than last year production.
• NCDEX accredited warehouses soyabean stocks gained by 8569 tonnes to 86100 tonnes.
• At the Indore spot market in top producer MP, soybean gained  16 Rupees to 3327 Rupees per 100 kgs.

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