Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Soyabean futures trade down on low demand

19-Aug2016

Soyabean futures trade down on low demand

Soyabean futures traded down on NCDEX on low demand for soybean meal and expectation of better than expected crop due to increase in sowing area and favorable weather condition. Soyabean weakened further tracking lower international prices as the market was weighed down by prospects of an all-time high US crop. Good weather for crop development during July across broad swaths of the US Midwest, the key growing area for soybeans, allowed crops to mature with relatively little stress.

The contract for October delivery was trading at Rs 3469, down by 1.17% or Rs 41.00 from its previous closing of Rs 3510. The open interest of the contract stood at 59290 lots.

The contract for November delivery was trading at Rs 3465, down by 1% or Rs 35.00 from its previous close of Rs 3500. The open interest of the contract stood at 55890 lots on NCDEX.


Related News

View all news

Coriander futures trade up on firm demand

Coriander futures traded up on NCDEX as participants engaged in enlarging their positions, tracking a firm demand at the spot market. Besides, tight stocks on account of restricted arrivals from major......

Nickel futures trade down on weak demand

Nickel futures edged lower on MCX as speculators trimmed their holdings on account of weak demand from alloy makers.The contract for May delivery was trading at Rs 835.00, down by 0.41% or Rs 3.40 from......

Coriander futures trade up on firm demand

Coriander futures traded up on NCDEX as participants engaged in enlarging their positions, tracking a firm demand at the spot market. Besides, tight stocks on account of restricted arrivals from major......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......