Soybean futures fell in the domestic market on Monday as investors and speculators exited positions in the agri commodity amid weak physical demand for soybean from the domestic spot market. Bearish cues from global market amid concerns that a dry spell of weather may boost plantations in the US Midwest also weighed on the agri commodity. At the National Commodity and Derivatives Exchange (NCDEX), Soybean for the June 2013 delivery contract is trading at 3,751 per quintal, down by 1.78 per cent, after opening at Rs 3,805, against a previous close of Rs 3,819. It touched an intra-day low of 3,744.
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Weak physical demand drags down NCDEX Soybean futures
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At the MCX, Crude Oil futures, for the July 2014 contract, is trading at Rs 6,388 per barrel, up by 0.05 per cent, after opening at Rs 6,385, against a previous close of Rs 6,385. It touched an intra-day high of Rs 6,392.
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