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Epic Agri Commodity Update: Ref Soyaoil

Discussion in 'Technical Analysis' started by Epicresearch, Mar 12, 2013.

  1. Epicresearch

    Epicresearch Active Member

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    Ref soyaoil trading range for the day is 672.03-688.23.Ref soyaoil dropped on some profit booking tracking weak spot demand as a strong rupee outweighed gains in overseas pricesOil millers are getting good exports orders for soymeal, but they are not getting enough soybeans in the spot marketIndia exported 581,606 tonnes of soymeal in February, compared with 344,240 tonnes a year earlier.At the Indore spot market soyoil edged up by 0.05 rupee
     
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