Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Soybean futures trade higher despite higher output projection

12-Apr2019

Soybean futures trade higher despite higher output projection

Soybean futures traded higher on NCDEX as speculators enlarged their holdings, despite higher output projection. Reports showing that India's 2018-19 soybean output is projected 24.7% higher at 13.69 million tons as per second advance estimates released by agriculture ministry.

The contract for April delivery was trading at Rs 3712.00, up by 0.79% or Rs 29.00 from its previous closing of Rs 3683.00. The open interest of the contract stood at 5450 lots.

The contract for May delivery was trading at Rs 3771.00, up by 0.21% or Rs 8.00 from its previous closing of Rs 3763.00. The open interest of the contract stood at 162900 lots on NCDEX.


Related News

View all news

Coriander futures trade up on firm demand

Coriander futures traded up on NCDEX as market participants enlarged their holdings on the back of firm demand from overseas markets. Besides, lower arrivals of coriander at Rajasthan markets also supported......

Barley futures trade bearish on NCDEX

Barley futures tumbled on NCDEX, due to profit booking by the market players after the prices hiked on stringent availability of stocks and increased consumption.The contract for May delivery was trading......

Nickel futures trade up on pickup in demand

Nickel futures traded up on MCX as speculators built up fresh positions amid pickup in spot demand.The contract for April delivery was trading at Rs 865.60, up by 0.31% or Rs 2.70 from its previous closing......

Top News

View all news

Tata Global Beverages reports 50% fall in Q4 consolidated net profit

Tata Global Beverages has reported results for fourth quarter and year ended March 31, 2019.The company has reported a marginal rise of 0.19% in its net profit at Rs 53.26 crore for the quarter under review......

NIIT Technologies features as leader in NelsonHall NEAT report 2019

NIIT Technologies has been positioned as a 'Leader' in the Overall market segment for RPA and AI in Banking in NelsonHall NEAT report 2019.This NelsonHall Vendor Evaluation & Assessment Tool (NEAT)......

Maruti Suzuki launches New Alto

Maruti Suzuki has launched the New Alto, which has been India's best-selling car for 15 consecutive years. The New Alto is with enhanced safety features and captivating design and now comes with BSVI compliant......