Soyabean futures display mixed trend on NCDEX

Soyabean futures showed a mixed trend on NCDEX. The near term contracts declined due to the availability of adequate stocks in the physical market on account of higher supply from the producing belts, while October contracts rose on the expectations of rise in demand. The contract for May delivery was trading at Rs 4682.00, down by 0.28% or Rs 13.00 from its previous closing of Rs 4695.00. The open interest of the contract stood at 34480 lots. The contract for June delivery was trading at Rs 4769.00, up by 0.27% or Rs 13.00 from its previous closing of Rs 4756.00. The open interest of the contract stood at 111600 lots on NCDEX.