Soyabean futures display mixed trend on NCDEX

Soyabean futures showed a mixed trend on NCDEX. The May 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 4320.00, down by 4.00% or Rs 180.00 from its previous closing of Rs 4500.00. The open interest of the contract stood at 120 lots. The contract for June delivery was trading at Rs 4466.00, up by 0.27% or Rs 12.00 from its previous closing of Rs 4454.00. The open interest of the contract stood at 120500 lots on NCDEX.