Monday, 2 June 2014

Capital stroke NCDEX Update : SOYA OIL 3 June 2014



Ref.Soya oil trading range for the day is 643-659.
Ref soyoil tracking weakness in spot demand and overseas prices amid weakness in other oilseed counters.
Soy meal exports in April’14 have declined to 89,883 tn, down 9.62% m-o-m and 59.73% lower y-o-y on poor demand.
Technically market is under long liquidation as market has witnessed drop in open interest by -3.55% to settled at 169690

At the Indore spot market in Madhya Pradesh, soyoil was steady at 671.8 rupees per 10 kgs.

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