Tuesday, 22 April 2014

Soyabean futures gain on lack of supply

Soyabean futures gained on NCDEX on lack of supplies in the global and domestic market. Moreover, the estimates of lower US inventories and higher crushing data from the world's biggest bean producer also influenced the commodity prices in future trade.
The contract for May delivery was trading at Rs 4457.50, up by 0.76% or Rs 33.50 from its previous closing of Rs 4424.00. The open interest of the contract stood at 102330.00 lots.
The contract for June delivery was trading at Rs 4438.00, up by 0.74% or Rs 32.50 from its previous closing of Rs 4405.50. The open interest of the contract stood at 74550.00 lots on NCDEX.

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