Wednesday, 16 March 2016

Soyabean futures edged marginally lower on NCDEX

Soyabean futures edged marginally lower on NCDEX, owing to expectation of lower demand for commodity as edible oil imports increased for February month keeping ample stocks in pipeline. Further, lower soymeal export too pressurised soyabean prices to some extent.

The contract for March delivery was trading at Rs 3660.00, down by 0.25% or Rs 9.00 from its previous closing of Rs 3669.00. The open interest of the contract stood at 8820 lots.


The contract for April delivery was trading at Rs 3727.00, down by 0.27% or Rs 10.00 from its previous closing of Rs 3737.00. The open interest of the contract stood at 82570 lots on NCDEX.



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