Thursday, January 19, 2017

Ref.Soya oil trading range for the day is 724-730. Ref soyoil prices ended with losses on profit booking after prices gained on demand hope in local mandis. Forecast as well as ongoing heavy rains in Argentina is increasing threat to the soy crop. U.S 2016/17 ending stocks of soy oil is estimated to rise to 1,652 million lbs from 1,522 million lbs in January estimate. At the Indore spot market in Madhya Pradesh, soyoil was steady at 732.65 rupees per 10 kgs. 

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