EPIC RESEARCH NCDEX UPDATE OF SOYABEAN 9 May 2017

• Ref.Soya oil trading range for the day is 622-634. 
  
•  Ref soyoil ended with losses as there is still good domestic supplies due to imports and good domestic crushing. 
•  However downside seen limited on expectation of improving physical demand in coming months. 
•  SEA estimates put rabi oilseeds production at 91.76 lakh tonnes against 77.41 lakh tonnes last year, up 18.5% on year-on-year basis. 
•  At the Indore spot market in Madhya Pradesh, soyoil was steady at 628.15 Rupees per 10 kgs.

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