Breaking News

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

09-Aug2018

Soybean futures trade marginally higher on NCDEX

Soybean futures traded marginally higher on NCDEX, as speculators enlarged their positions due to steady improvement in demand from the oil mills. However, area under soybean in the country increased by 10.6% at 10.9 lakh ha as of last week compared to last year sowing, capped some gains.

The contract for October delivery was trading at Rs 3357.00, up by 0.15% or Rs 5.00 from its previous closing of Rs 3352.00. The open interest of the contract stood at 53790 lots.

The contract for November delivery was trading at Rs 3355.00, up by 0.15% or Rs 5.00 from its previous closing of Rs 3350.00. The open interest of the contract stood at 26220 lots on NCDEX.


Related News

View all news

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......

Barley futures trade higher on rise in demand

Barley futures trade higher on NCDEX, with the enlarged position building by the speculators as well as rise in physical demand from breweries.The contract for January delivery was trading at 1943.00,......

Top News

View all news

Tata Motors signs LTS agreement with its employees

Tata Motors has signed a long-term wage settlement (LTS) agreement with its employees. Under the agreement, workmen will get a wage rise of Rs 9,000 per month along with other incentives based on performance.......

Canara Bank invites bids from merchant bankers to manage its $350-500 million MTN issue: Report

Canara Bank has reportedly invited bids from merchant bankers to manage its $350-500 million issue of senior unsecured/tier-II capital bonds under its medium-term note (MTN) programme. The issue size may......

Alembic Pharma gets USFDA's nod for Acetazolamide Extended-Release Capsules

Alembic Pharmaceuticals (Alembic) has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Acetazolamide Extended-Release Capsules, 500......