Ref Soyaoil On NCDEX Settled Down By -0.2% At 725.15

Ref Soyaoil on NCDEX settled down by -0.2% at 725.15 tracking weakness in spot demand and overseas prices amid expectation of higher supply. According to USDA weekly export sales report, net sales of 7,300 tons for 2016-17 down by 77% from the previous week and 72% from the prior 4-week average. As per WASDE report, around 10.16 million tons is the estimated production figure for 2016-17 which is up by 0.5% on month while the ending stock is estimated to be around 750,000 million tons which was 700,000 tons in Dec-16. According to National Oilseed Processors Association (NOPA), U.S. December soybean crush fell marginally to 160.176 million bushels from 160.752 million bushels in November. Crush of soybean in December 2015 was 157.711 million bushels.

or Quick Trial – 8962000225 ✔
or mail us here:
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 0969999771
NewerStories OlderStories Home