Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Soyabean futures trade marginally higher on lower acreage

10-Aug2017

Soyabean futures trade marginally higher on lower acreage

Soyabean futures traded marginally higher on NCDEX as speculators enlarged their positions due to lower acreage and dry conditions in soybean growing areas of Madhya Pradesh. However, weak demand from the industrial buyers along with higher stock levels in the country, capped some gains.

The contract for August delivery was trading at Rs 2965.00, up by 0.61% or Rs 18.00 from its previous closing of Rs 2947.00. The open interest of the contract stood at 23020 lots.

The contract for October delivery was trading at Rs 3135.00, up by 0.77% or Rs 24.00 from its previous closing of Rs 3111.00. The open interest of the contract stood at 49660 lots on NCDEX.

 


Related News

View all news

Barley futures trade marginally lower on sluggish demand

Barley futures traded moderately lower on NCDEX, due to liquidation  of bets by participants tracking sluggish demand from consuming industriesThe contract for December delivery was trading at......

Barley futures trade lower on NCDEX

Barley futures traded lower on NCDEX, as market players liquidated their portfolios at prevailing higher levels. However, some losses remained capped with the concerns on production at high temperature......

Barley futures trade moderately higher on supply crunch

Barley futures traded moderately higher on NCDEX, due to frantic buying by retailers and stockists as the ongoing supply crunch intensifies. As per reports, barley rates have climbed 15-20% in the last......

Top News

View all news

NBCC receives LoA from Ministry of Skill Development and Entrepreneurship

NBCC (India) has received a Letter of Award (LoA) of work from Ministry of Skill Development and Entrepreneurship, Government of India for construction of office building i.e. Kaushal Bhawan at New Delhi.......

Phoenix Mills transfers its entire stake held in Insight to Island

Phoenix Mills has entered into a Share Purchase Agreement (SPA) with Insight Mall Developers, its wholly-owned subsidiary (Insight) and Island Star Mall Developers, its subsidiary (Island), for sale/disposal......

AGC Networks' arm incorporates subsidiary in New Zealand

AGC Networks' wholly owned subsidiary -- AGC Networks Australia Pty, Australia, has incorporated its subsidiary namely 'AGC Networks New Zealand' which is registered with the Registrar of Companies of......