Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Soyabean futures trade lower on NCDEX

22-Aug2016

Soyabean futures trade lower on NCDEX

Soyabean futures traded lower on NCDEX as speculators trimmed their positions on reports of higher edible oil imports and lower export demand for soymeal. Soyabean weakened further tracking reports of better production and yield due to good monsoon in the country. But, forecast of heavy rains in Madhya Pradesh, capped some losses in soyabean prices.

The contract for October delivery was trading at Rs 3447, down by 0.75% or Rs 26.00 from its previous closing of Rs 3473. The open interest of the contract stood at 59620 lots.

The contract for November delivery was trading at Rs 3445, down by 0.61% or Rs 21.00 from its previous close of Rs 3466. The open interest of the contract stood at 56270 lots on NCDEX.


Related News

View all news

Barley futures trade higher on rise in demand

Barley futures trade higher on NCDEX, with the enlarged position building by the speculators as well as rise in physical demand from breweries.The contract for January delivery was trading at 1943.00,......

Barley futures trade modestly lower on dip in demand

Barley futures trade modestly lower on NCDEX, due to liquidation of bets at prevailing higher rates with dip in spot demand from beer makers.The contract for April delivery was trading at 1650.00, down......

Nickel futures edge higher on improved demand

Nickel futures edged higher on MCX as participants enlarged their holdings, tracking improved demand from alloy-makers and other consuming industries at the domestic spot market. The contract for January......

Top News

View all news

Spicejet's cargo arm launches freighter services on Guwahati-Hong Kong route

Spicejet's cargo arm SpiceXpress has launched dedicated freighter services between Guwahati and Hong Kong with a weekly flight, starting January 19, 2019. With this launch, SpiceXpress will be the first......

Reliance Industries to invest Rs 3 lakh crore in Gujarat in next 10 years

Reliance Industries has committed to invest Rs 3 lakh crore in various projects in the next 10 years in Gujarat that may range from energy and petrochemical to new technology and digital business. The......

Wipro reports 32% rise in Q3 consolidated net profit

Wipro has reported results for third quarter ended December 31, 2018. The company has reported a rise of 39.56% in its net profit at Rs 2,518.40 crore for the quarter under review as compared to Rs 1,804.50......