EPIC RESEARCH NCDEX SOYABEAN UPDATE OF 27 JULY 2017

Soyabean trading range for the day is 2982-3058. Soyabean recovered from lows after prices dropped amid good spell of rain over major bean growing areas spurted expectation of higher supply. As per government data, area under soybean crop across the country for the 2017-18 kharif was 8.45 million hectares till last week. NCDEX accredited warehouses soyabean stocks dropped by 2206 tonnes to 30174 tonnes. At the Indore spot market in top producer MP, soybean dropped -10 Rupees to 2948 Rupees per 100 kgs.



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