Soyabean futures trade lower on NCDEX

Soyabean futures edged lower on NCDEX on speculation that warmer weather condition will lead to rising supplies of the crops. Further, weaker exports of the commodity too supported the prices downtrend. The contract for May delivery was trading at Rs 4659.00, down by 0.26% or Rs 12.00 from its previous closing of Rs 4671.00. The open interest of the contract stood at 24900 lots. The contract for June delivery was trading at Rs 4761.00, down by 0.10% or Rs 5.00 from its previous closing of Rs 4766.00. The open interest of the contract stood at 109670 lots on NCDEX.