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16-Aug2016

Soyabean futures trade marginally lower on good harvest prospects

Soyabean futures traded marginally lower on NCDEX as speculators trimmed their positions as prospects brighten for a good soyabean harvest this year, aided by normal monsoon. Moreover, lower soymeal exports and higher soyoil imports also pressurizing the prices.

The contract for October delivery was trading at Rs 3532, down by 0.28% or Rs 10.00 from its previous closing of Rs 3542. The open interest of the contract stood at 53880 lots.

The contract for November delivery was trading at Rs 3539, down by 0.08% or Rs 3.00 from its previous close of Rs 3542. The open interest of the contract stood at 49880 lots on NCDEX.

 


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