Tuesday 13 May 2014

Soyabean futures display mixed trend on NCDEX

Soyabean futures showed a mixed trend on NCDEX. The near term contracts rose on the expectations of rise in spot market demand, while June contracts declined due to ample stocks availability in the physical market on account of higher supply from the producing belts.
The contract for May delivery was trading at Rs 4647.00, up by 0.39% or Rs 18.00 from its previous closing of Rs 4629.00. The open interest of the contract stood at 9020 lots.
The contract for June delivery was trading at Rs 4715.00, down by 0.57% or Rs 27.00 from its previous closing of Rs 4742.00. The open interest of the contract stood at 117350 lots on NCDEX.

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