Soyabean futures traded higher on NCDEX on increased buying by speculators in tandem with firm global and domestic markets sentiment. Further, tight supplies coupled with IMD’s forecast of below normal rains too supported soyabean prices uptrend.
The contract for June delivery was trading at Rs 4535.00, up by 0.22% or Rs 10.00 from its previous closing of Rs 4525.00. The open interest of the contract stood at 127440 lots.
The contract for July delivery was trading at Rs 4369.00, up by 0.48% or Rs 21.00 from its previous closing of Rs 4348.00. The open interest of the contract stood at 104690 lots on NCDEX.
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