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Mumbai, Sept. 14 Soya complex traded higher on the bourses taking support from record high energy prices and bullish outlook by USDA indicating lower soybean production in US, said Mr. Pranav Mer, analyst at India Infoline.

Soya oil closed nearly 2 per cent higher at Rs 482.90 per kg on the futures exchange on Friday. US crop estimates came in at 2.619 billion bushels against the trade estimates of 2.649 billion bushels and the August USDA estimate of 2.625 billion bushels. Ending stocks in US for 2007-08 were pegged at 215 million bushels as compared to average trade estimate of 212 million bushels. Keeping with the trend in the soya complex, soyabean prices also closed 0.8 per cent higher at Rs 1,551 per quintal. However domestic prices are expected to come down on crop arrivals from September end, said Mr. Mer.

Profit taking in futures markets propelled Chana September contract on NCDEX to close at Rs 2,221 per quintal, down Rs 4.

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