EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 7 DECEMBER 2018

• Soyabean trading range for the day is 3297-3369.
  
• Soyabean 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 gained by 330 tonnes to 126844 tonnes.
• At the Indore spot market in top producer MP, soybean dropped -14 Rupees to 3385 Rupees per 100 kgs.

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