EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 29 MAY 2018

• Soyabean trading range for the day is 3569-3763.
  
• Soyabean prices ended with losses in anticipation of higher supply and poor off-take.
• According to the United States Department of Agriculture (USDA), farmers in Indian may expand soybean acreages by 10% to 11.5 million hectare.
• NCDEX accredited warehouses soyabean stocks gained by 614 tonnes to 29269 tonnes.
• At the Indore spot market in top producer MP, soybean dropped -67 Rupees to 3717 Rupees per 100 kgs.

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