EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 9 May 2017

• Soyabean trading range for the day is 2908-3012. 
  
•  Soyabean prices dropped on profit booking after prices gained on lower arrivals in local mandis. 
• Soybean acreages in Madhya Pradesh, is expected to fall as poor remuneration may prompt farmers to switch to other cash crops. 
• NCDEX accredited warehouses soyabean stocks dropped by 7640 tonnes to 137996 tonnes. 
• At the Indore spot market in top producer MP, soybean gained 23 Rupees to 3072 Rupees per 100 kgs.

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