EPIC RESEARCH NCDEX UPDATE OF REFINED SOYA OIL 30 November 2016

Ref.Soya oil trading range for the day is 711-719. Ref Soyoil prices dropped tracking weakness in spot demand on profit booking after prices gained supported by strong demand from crushers. 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 714 rupees per 10 kgs. To get reliable and quality NCDEX Tips ✆ – 0731-6642300