EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 29 November 2016

Ref.Soya oil trading range for the day is 709-725. Ref soyoil prices ended with gains supported by strong demand from crushers in global market. NOPA said US soybean crush rises to 164.64 million bushels in October'16 compared to 158.895 million bushels a year earlier. USDA estimated US soyoil ending stockpiles for 2016-17 season at 1.658 billion lbs which is expected to revised down further. At the Indore spot market in Madhya Pradesh, soyoil was steady at 713.85 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300