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12-Sep2018

Soybean futures edge up on NCDEX

Soybean futures edged up on NCDEX as speculators built up fresh positions on the back of weak stocks and demand hopes of soymeal. Prices also seen supported due to the threat of pest outbreaks in Kharif crops, the agriculture department has also become cautious. However, some gains were capped with forecast of bumper soybean crop in coming season.

The contract for October delivery was trading at Rs 3270.00, up by 0.25% or Rs 8.00 from its previous closing of Rs 3262.00. The open interest of the contract stood at 65240 lots.

The contract for November delivery was trading at Rs 3299.00, up by 0.33% or Rs 11.00 from its previous closing of Rs 3288.00. The open interest of the contract stood at 54940 lots on NCDEX.


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