Soyabean futures edge lower on NCDEX

Soyabean futures edged lower on NCDEX on the speculation that warmer weather condition will lead to rising supplies of the crops. Further, weaker exports of commodity too supported the prices downtrend. However, weak arrivals of soya seeds in mandis across Madhya Pradesh, capped some losses in soyabean prices to some extent. The contract for May delivery was trading at Rs 4759.00, down by 0.19% or Rs 9.00 from its previous closing of Rs 4768.00. The open interest of the contract stood at 60100 lots. The contract for June delivery was trading at Rs 4779.00, down by 0.13% or Rs 6.00 from its previous closing of Rs 4785.00. The open interest of the contract stood at 118790 lots on NCDEX.