Oilseed complex are expected to trade higher on account of improved demand of edible oil coupled with lower production estimates of oilseeds.
Weakness in INR against US dollar are also in favour of the bulls as edible oil imports would be expensive and oilmeal exporters would get more return on oil meal exports.
Soy Oil Feb NCDEX Futures Rs./qtl support:690-692 resistance:700-703
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