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

Barley futures trade in green on firm demand

Barley futures traded higher on NCDEX, with the frantic buying by stockists and retailers on the back of firm demand from consuming industries. Moreover, pause in arrivals from growing regions also fuelled......

Nickel futures edge higher on pickup in demand

Nickel futures edged higher on MCX as participants built up fresh positions on the back of pickup in demand from alloy-makers and other consuming industries at the spot market. Besides, a firming trend......

SEBI to levy regulatory fee of Rs 1 lakh per exchange on agri-commodity derivatives turnover

In an effort to promote agricultural commodity derivative segment, the capital markets regulator, Securities and Exchange Board of India (SEBI) will levy a nominal regulatory fee of Rs 100,000 per exchange......

Top News

View all news

Sun Pharma receives Australian TGA approval for ILUMYA

Sun Pharmaceutical Industries has received the Australian Therapeutic Goods Administration (TGA) approval for its specialty product, ILUMYA (tildrakizumab) for the treatment of adults with moderate-to-severe......

TCS features as leader in Everest Group PEAK Matrix for F&A Digital Augmentation Suite

Tata Consultancy Services (TCS) has been positioned as a leader in the Everest Group PEAK Matrix for Finance and Accounting (F&A) Digital Augmentation Suite (DAS).Cited as a strength is the company's......

Infosys enters into exclusive partnership with Trinity College

Infosys has entered into an exclusive partnership with Trinity College to create new educational programs that prepare liberal arts students and Infosys employees for the digital workplace of the future.......