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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.

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