EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 21 April 2017

Soyabean trading range for the day is 2966-3100. Soyabean prices gained as supplies are diminishing but the demand for crushing is intact due to encouraging soy meal exports. As per data, arrivals of soybean during Apr 1-15 are 120,423 while during in Mar it was about 1,64,286 tonnes during same time frame. NCDEX accredited warehouses soyabean stocks dropped by 664 tonnes to 170780 tonnes. At the Indore spot market in top producer MP, soybean gained 3 Rupees to 3089 Rupees per 100 kgs.

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