Soyabean futures traded higher on NCDEX on improved demand for the bean for cattle feed in global market following robust export data from the US. However, improved International production forecasts, capped some gains in soyabean prices to some extent.
The contract for December delivery was trading at Rs 3298.00, up by 0.21% or Rs 7.00 from its previous closing of Rs 3291.00. The open interest of the contract stood at 124790 lots.
The contract for January delivery was trading at Rs 3338.00, up by 0.24% or Rs 8.00 from its previous closing of Rs 3330.00. The open interest of the contract stood at 58280 lots on NCDEX.
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