EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 04 MAY 2016

Soyabean trading range for the day is 4014-4126.
Soyabean prices gained tracking firmness in spot demand amid supply worries from Argentina and in domestic market.
SOPA revised downwards 2015-16 soybean production to 6.929 million tons compared to earlier estimate of 7.388 million tons.
NCDEX accredited warehouses soyabean stocks gained by 184 tonnes to 55319 tonnes.
At the Indore spot market in top producer MP, soybean gained 5 rupee to 4073 rupee per 100 kgs.

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