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Soyabean Futures Trade Marginally Lower On Profit Booking - Nifty Future Tips

Soyabean futures traded marginally lower on NCDEX as speculators booked profits after prices gained on improved physical demand from oil mills and lower acreage in the country. Meanwhile, Soybean prices ticked up at overseas markets on strong demand, although expectations of near-record US production kept a lid on the market. The contract for October delivery was trading at Rs 3080.00, down by 0.29% or Rs 9.00 from its previous closing of Rs 3089.00. The open interest of the contract stood at 49030 lots.

The contract for November delivery was trading at Rs 3101.00, down by 0.39% or Rs 12.00 from its previous closing of Rs 3113.00. The open interest of the contract stood at 57100 lots on NCDEX.

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