Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Soybean futures trade higher on NCDEX

30-Aug2018

Soybean futures trade higher on NCDEX

Soybean futures traded higher on NCDEX, as speculators enlarged their positions on the back of short covering after prices dropped due to forecast of beneficial rains in central India which will enhance soybean production. Further, higher crushing demand for soy meal exports too supported soybean prices' uptrend.

The contract for October delivery was trading at Rs 3208.00, up by 0.6% or Rs 19.00 from its previous closing of Rs 3189.00. The open interest of the contract stood at 57820 lots.

The contract for November delivery was trading at Rs 3221.00, up by 0.59% or Rs 19.00 from its previous closing of Rs 3202.00. The open interest of the contract stood at 41040 lots on NCDEX.


Related News

View all news

Coriander futures trade up on firm demand

Coriander futures traded up on NCDEX as participants engaged in enlarging their positions, tracking a firm demand at the spot market. Besides, tight stocks on account of restricted arrivals from major......

Nickel futures trade down on weak demand

Nickel futures edged lower on MCX as speculators trimmed their holdings on account of weak demand from alloy makers.The contract for May delivery was trading at Rs 835.00, down by 0.41% or Rs 3.40 from......

Coriander futures trade up on firm demand

Coriander futures traded up on NCDEX as participants engaged in enlarging their positions, tracking a firm demand at the spot market. Besides, tight stocks on account of restricted arrivals from major......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......