EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 19 OCTOBER 2018

• Soyabean trading range for the day is 3231-3345.
  
• Soyabean gained on short covering after prices dropped amid weakness in overseas prices as a bumper U.S. crop harvest is expected to gather pace.
• USDA said the U.S. soybean harvest was 38 percent complete, lagging the five-year average of 53 percent and barely up from 32 percent in the previous week.
• NCDEX accredited warehouses soyabean stocks gained by 2450 tonnes to 12827 tonnes.
• At the Indore spot market in top producer MP, soybean dropped -40 Rupees to 3303 Rupees per 100 kgs.

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