EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 4 DECEMBER 2018

• Soyabean trading range for the day is 3320-3458.
  
• Soyabean prices dropped due to anticipation of improving arrivals after the elections are over in major producing state of Madhya Pradesh.
• India's 2018-19 soybean production is projected at 13.46 million tons up 22.5% over previous year, agriculture ministry data showed.
• NCDEX accredited warehouses soyabean stocks dropped by 928 tonnes to 125130 tonnes.
• At the Indore spot market in top producer MP, soybean gained  3 Rupees to 3428 Rupees per 100 kgs.

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