EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 11 FEBRUARY 2019

Soyabean trading range for the day is 3732-3838.

• Soyabean dropped on profit booking after prices dropped due to improving physical demand tracking higher exports of soybean meal.
• India, 2018-19 soybean output is projected higher at 13.45 million tons from 10.98 million tons, according to data from agriculture ministry.
• NCDEX accredited warehouses soyabean stocks gained by 2515 tonnes to 144831 tonnes.
• At the Indore spot market in top producer MP, soybean gained 12 Rupees to 3867 Rupees per 100 kgs.

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