Wednesday 16 July 2014

Capital stroke NCDEX Update : SOYA OIL 17 July 2014


Ref.Soya oil trading range for the day is 665-677.
Ref soyoil gained on reports key growing areas did not receive rainfall hurting prospects of sowing.
USDA in its report have projected higher ending stocks for Sept. 2015, followed by very good yields in soybean.

Delayed arrival of monsoon and deficient rains so far this year have pushed back sowing of the oilseed crop by about three weeks.


At the Indore spot market in Madhya Pradesh, soyoil was steady at 681.3 rupees per 10 kgs.

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