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20-Mar2019

Soybean futures trade up on improving demand

Soybean futures traded up on NCDEX as speculators enlarged their holdings, driven by improving demand at the domestic spot market. Though, ample supplies and disappointing soymeal export numbers capped some gains in soybean prices.

The contract for April delivery was trading at Rs 3684.00, up by 0.22% or Rs 8.00 from its previous closing of Rs 3676.00. The open interest of the contract stood at 180310 lots.

The contract for May delivery was trading at Rs 3741.00, up by 0.19% or Rs 7.00 from its previous closing of Rs 3734.00. The open interest of the contract stood at 86800 lots on NCDEX.


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