Soyabean futures exhibit mixed trend on NCDEX

Soyabean futures exhibited mixed trend on NCDEX as the May contracts traded down on account of subdued demand in the spot market. While June contracts traded higher on lack of bean supplies in the domestic market and on speculation that US Department of Agriculture may trim US stockpiles estimates. The contract for May delivery was trading at Rs 4726.00, down by 0.27% or Rs 13.00 from its previous closing of Rs 4739.00. The open interest of the contract stood at 51810 lots. The contract for June delivery was trading at Rs 4771.00, up by 0.02% or Rs 1.00 from its previous closing of Rs 4770.00. The open interest of the contract stood at 114950 lots on NCDEX.