EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 20 FEBRUARY 2019

• Soyabean trading range for the day is 3757-3837.
  
• Soyabean prices gained on good physical demand from oil mills due to higher meal exports.
• However, upside seen limited driven by higher projection of 2018-19 soybean output.
• India’s soybean output is likely to rise by a staggering 38 per cent this year on a sharp increase in average yield across the country
• At the Indore spot market in top producer MP, soybean gained 27 Rupees to 3859 Rupees per 100 kgs.

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