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31-Aug2018

Soybean futures trade lower on NCDEX

Soybean futures traded lower on NCDEX, as speculators trimmed their positions on forecast of beneficial rains in central India which will enhance soybean production. However, regular fall in arrivals in the physical market and a rise in demand from oil mills, capped some losses.

The contract for October delivery was trading at Rs 3220.00, down by 0.19% or Rs 6.00 from its previous closing of Rs 3226.00. The open interest of the contract stood at 57420 lots.

The contract for November delivery was trading at Rs 3233.00, down by 0.09% or Rs 3.00 from its previous closing of Rs 3236.00. The open interest of the contract stood at 41210 lots on NCDEX.


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