Soyabean Futures Trade Marginally Higher On Good Demand

Soyabean futures traded marginally higher on NCDEX as speculators enlarged their positions, tracking good physical demand and reports of deficient rains in soybean planting districts of Madhya Pradesh and Maharashtra. Further, lower acreage in the country too supported soyabean prices. The contract for August delivery was trading at Rs 3060.00, up by 0.29% or Rs 9.00 from its previous closing of Rs 3051.00. The open interest of the contract stood at 2070 lots.

The contract for October delivery was trading at Rs 3182.00, up by 0.06% or Rs 2.00 from its previous closing of Rs 3180.00. The open interest of the contract stood at 58230 lots on NCDEX.

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