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30-Oct2018

Soybean futures trade higher on good demand

Soybean futures traded higher on NCDEX on good demand from the physical market on expectation of improving crushing demand from the oil mills. Meanwhile, US soybean futures have come under pressure from abundant supplies and worries about sluggish US exports amid the ongoing trade dispute with China.

The contract for November delivery was trading at Rs 3343.00, up by 0.81% or Rs 27.00 from its previous closing of Rs 3316.00. The open interest of the contract stood at 141820 lots.

The contract for December delivery was trading at Rs 3389.00, up by 0.77% or Rs 26.00 from its previous closing of Rs 3363.00. The open interest of the contract stood at 116490 lots on NCDEX.


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