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02-May2011

Soyabean Futures Drop Straight To Red Right After A Upbeat Start

Soyabean futures have droped straight to red right after making a upbeat start and are at the moment dealing much lower. Nevertheless, the world cues keep on being favorable as well as CBOT price tags increased deliberately on Friday on reports of upgrading in climate conditions in the US maize cultivating region.

The agreement for May delivery was dealing at Rs 2405.00, off by 0.29% or Rs 7.00 right from its past closing of Rs 2412.00. The wide open interest of the agreement endured at 149690 lots.

The agreement for June delivery was dealing at Rs 2448.50, off by 0.31% or Rs 7.50 from its past closing of Rs 2456.00. The wide open interest of the agreement endured at 137250 lots on NCDEX

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