EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 13 July 2017

• Soyabean trading range for the day is 2973-3075.
  
• Soyabean gains as support seen due to deficient rains in soybean growing areas of Madhya Pradesh, Rajasthan and Maharashtra.
• Soybean rates have increased in local mandis on speculation of lower output this year due to irregular rainfall
• NCDEX accredited warehouses soyabean stocks dropped by 1016 tonnes to 44501 tonnes.
• At the Indore spot market in top producer MP, soybean dropped -26 Rupees to 2983 Rupees per 100 kgs.

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