Soyabean trading range for the day is 2676 - 2982. Soyabean prices dropped by 3.20 percent tracking weakness in spot demand coupled with new season arrivals and higher stocks from last year. As per data, during the first 25 days of Oct. soybean arrivals have been recorded at 7.6 lakh tonnes compared to close to 9 lakh tones last year. SOPA has estimated 2017-18 (Oct-Sep) soybean output at 9.15 mt, down from 11.49 mt a year ago. Moreover, on reports of lower meal exports in September is also worrying farmers.

Monday, October 30, 2017 www.kediaadvisory.com Page No. 2 Technical Chart Madhya Pradesh Government is expected to spend around Rs 15 billion on soybean farmers under price difference or Mukhyamantri Bhavantar Bhugtan Yojana.

SELL SOYABEAN @ 2840 SL 2920 TGT 2750-2690. NCDEX.

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