EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 18 DECEMBER 2017

• Soyabean trading range for the day is 2994-3082.
  
• Soyabean prices gained on short covering after prices dropped on easing supply worries in global market and weak demand.
• The USDA raised its forecast of US 2017-18 soybean ending stocks to 12.12 million tons in December compared to 11.75 million tons estimated in November
• NCDEX accredited warehouses soyabean stocks gained by 2460 tonnes to 198764 tonnes.
• At the Indore spot market in top producer MP, soybean dropped -9 Rupees to 3049 Rupees per 100 kgs.

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