Friday 20 January 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 20 JANUARY 2017

Ref.Soya oil trading range for the day is 721-729. Ref soyoil ended with losses tracking weakness in spot demand and overseas prices amid expectation of higher supply. According to USDA weekly export sales report, net sales of 7,300 tons for 2016-17 down by 77% from the previous week. According to NOPA, U.S. December soybean crush fell marginally to 160.176 million bushels from 160.752 million bushels in November. At the Indore spot market in Madhya Pradesh, soyoil was steady at 732.75 rupees per 10 kgs.

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