Breaking News

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

31-Jul2017

Soybean futures trade marginally higher on lower sowing

Soybean futures traded marginally higher on NCDEX as speculators enlarged their positions on reports of lower sowing compared to last year. The area under the crop fell as some farmers are shifting to more profitable crops such as cotton, as oilseeds fetched poor returns last season. Further, expectation of good crushing demand on reports of hike in import too supported soybean prices.

The contract for August delivery was trading at Rs 3064.00, up by 0.2% or Rs 6.00 from its previous closing of Rs 3058.00. The open interest of the contract stood at 62900 lots.

The contract for October delivery was trading at Rs 3200.00, up by 0.16% or Rs 5.00 from its previous closing of Rs 3195.00. The open interest of the contract stood at 36650 lots on NCDEX.


Related News

View all news

Coriander futures trade higher on improved demand

Coriander futures traded higher on NCDEX as participants enlarged their holdings on the back of improved demand at the spot market. Further, lower arrivals from major producing regions also fuelled the......

Coriander futures edge down on muted demand

Coriander futures edged down on NCDEX as participants cut down their bets amid muted demand at the spot market. Besides, increased supplies from major producing regions also weighed on coriander futures.The......

Coriander futures trade higher on tight supplies

Coriander futures traded higher on NCDEX as traders widened their holdings, tracking rising demand at the domestic spot market. Further, tight supplies from major growing regions also added support to......

Top News

View all news

Syndicate Bank enters into partnership with Srei Equipment Finance

Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......

Tata Motors to supply 80 Electric buses to West Bengal Transport Corporation

Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......

BEL signs teaming agreement with Hughes India for Helicopter Satcom Solutions

Bharat Electronics (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters......