EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 26 MAY 2017

Soyabean trading range for the day is 2703-2779.Soyabean gained driven by a firming trend in the spot demand and global market.India's 2016-17 soybean sowing stood at 11.47 million hectare which resulted in output of 10.5 million tons of the seed.NCDEX accredited warehouses soyabean stocks dropped by 1950 tonnes to 110943 tonnes.At the Indore spot market in top producer MP, soybean dropped -3 Rupees to 2949 Rupees per 100 kgs.



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