EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 26 MARCH 2019

• Soyabean trading range for the day is 3672-3718.
  
• Soyabean ended with losses tracking weakness in spot demand on projection of higher 2018-19 output
• Soyabean prices also dropped on worries over demand for ample U.S. supplies as Brazilian farmers are harvesting a bumper crop.
• Agriculture ministry estimated 2018-19 at 13.69 million tons, up 24.7% on year.
• At the Indore spot market in top producer MP, soybean dropped -14 Rupees to 3793 Rupees per 100 kgs.

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