EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 24 JULY 2018

• Soyabean trading range for the day is 3303-3423.
  
• Soyabean dropped on projection of favourable weather triggered expectation of higher supply while demand from crushers is declining.
• The area under soybean in the country increased by 11% compared to last year sowing at 93.9 lakh ha as of last week, according to data.
• NCDEX accredited warehouses soyabean stocks gained by 1749 tonnes to 11383 tonnes.
• At the Indore spot market in top producer MP, soybean dropped -32 Rupees to 3558 Rupees per 100 kgs.

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