EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 11 MARCH 2019

• Soyabean trading range for the day is 3678-3740.
  
• Soyabean dropped amid reports of higher availability of oil from domestic crushing and hopes of cheaper imports due to weak prices in global markets.
• India's soymeal export is likely to record a growth of 25% during the current fiscal on the back of fresh demand from Europe and Iran
• SOPA forecast India’s soybean output is higher by 38% at 114.8 lt due to increase in average yield across the country.
• At the Indore spot market in top producer MP, soybean dropped -10 Rupees to 3805 Rupees per 100 kgs.

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