Breaking News

You are here » Indian-Commodity  :  Commodities  :  Other Commodities  :  Soybean futures trade marginally higher on lower arrivals

12-Oct2017

Soybean futures trade marginally higher on lower arrivals

Soybean futures traded marginally higher on NCDEX as participants enlarged their positions on expectations of lower arrivals from the major producing belts in the spot market because of festival season in coming weeks. Soyabean improved further on reports that government is expected to step in for procurement of soybean in Maharashtra and Rajasthan to help farmers. Though, reports of lower meal exports in September, capped some gains.

The contract for October delivery was trading at Rs 2900.00, up by 0.94% or Rs 27.00 from its previous closing of Rs 2873.00. The open interest of the contract stood at 2010 lots.

The contract for November delivery was trading at Rs 2922.00, up by 0.41% or Rs 12.00 from its previous closing of Rs 2910.00. The open interest of the contract stood at 107570 lots on NCDEX.


Related News

View all news

Coriander futures trade up on restricted arrivals

Coriander futures traded up on NCDEX as speculators built up fresh positions amid rising spot demand. Besides, tight stocks on account of restricted arrivals from major growing regions also fuelled the......

Barley futures trade higher on good demand

Barley futures traded higher on NCDEX, due to widening of bets by the speculators tracking good physical demand from domestic markets.The contract for May delivery was trading at Rs 1770.00, up by 0.28%......

Coriander futures trade up on restricted arrivals

Coriander futures traded up on NCDEX as speculators built up fresh positions amid rising spot demand. Besides, tight stocks on account of restricted arrivals from major growing regions also fuelled the......

Top News

View all news

Lupin seeks more time from commerce ministry to complete project in Indore SEZ

Lupin has sought more time from the commerce ministry to complete its project, with proposed investment of Rs 205.69 crore, in the Indore Special Economic Zone (SEZ). The company is setting up its pharma......

Tata Sponge Iron to shift its registered office to Kolkata

Tata Sponge Iron has decided to shift its registered office from Keonjhar in Odisha to Kolkata, subject to the approval of the members of the company and other regulatory authorities. The company has also......

GVK Power's arms ink pact with ADIA, NIIF

GVK Power and Infrastructure's subsidiaries -- GVK Airports Developer (GVKADL) and GVK Airport Holdings (GVKAHL) have signed a term sheet and exclusivity agreement with Abu Dhabi Investment Authority (ADIA)......