Monday, January 23, 2017

Ref.Soya oil trading range for the day is 711-727. Ref soyoil ended with losses tracking weakness in spot demand on expectation of higher supply. According to USDA report, around 10.16 million tons is the estimated production figure for 2016-17 which is up by 0.5% on month Moreover, soyoil stocks in US at the end of December rose 7.1% to 1.434 billion pounds compared to 1.338 billion pounds in November 2016. At the Indore spot market in Madhya Pradesh, soyoil was steady at 728 rupees per 10 kgs.

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