EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 17 OCTOBER 2018

• Soyabean trading range for the day is 3232-3346.
  
• Soyabean dropped on profit booking after prices gained amid good crushing demand in coming weeks.
• As per SOPA, soybean production in 2018/19 may highest in last 5 year at 114.8 lakh tonnes 37.8% higher than last year production.
• NCDEX accredited warehouses soyabean stocks dropped by 5838 tonnes to 10377 tonnes.
• At the Indore spot market in top producer MP, soybean gained  48 Rupees to 3343 Rupees per 100 kgs.

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