Ref soyoil settled flat on lower demand due to higher prices. Buyers are now finding the prices higher but weak soybean supplies are supporting the prices. The prices may show some downward correction if demand does not improve due to higher prices. In spot market, the demand remains sideways. "Deepawali" bulk demand is over and on current levels the traders are a little bit cautions in making fresh buy positions. Soy oil supply from the domestic soybean crushing will start picking up soon that may pressurize the prices to some extent.
Wednesday, November 13, 2013
Commodity Trading Tips for Ref Soya oil by KediaCommodity
Ref soyoil settled flat on lower demand due to higher prices. Buyers are now finding the prices higher but weak soybean supplies are supporting the prices. The prices may show some downward correction if demand does not improve due to higher prices. In spot market, the demand remains sideways. "Deepawali" bulk demand is over and on current levels the traders are a little bit cautions in making fresh buy positions. Soy oil supply from the domestic soybean crushing will start picking up soon that may pressurize the prices to some extent.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment