Soyabean futures display mixed trend on NCDEX

Soyabean futures showed a mixed trend on NCDEX. The near term contracts declined on ample stocks availability in the physical market on account of higher supply from the major producing belts, while June contracts rose on the expectations of increase in demand in the spot market. The contract for May delivery was trading at Rs 4515.00, down by 0.59% or Rs 27.00 from its previous closing of Rs 4542.00. The open interest of the contract stood at 1110 lots. The contract for June delivery was trading at Rs 4572.00, up by 0.31% or Rs 14.00 from its previous closing of Rs 4558.00. The open interest of the contract stood at 116870 lots on NCDEX.