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HIGHLIGHTS:

Soybean futures traded marginally higher on NCDEX as speculators enlarged their positions on expectation of good physical buying due to good rally in edible oils. However, some gains were capped on long liquidation at higher prices, and an anticipation that the acreage may improve in coming weeks due to good rains in soybean cultivating states. The contract for July delivery was trading at Rs 2945.00, up by 0.2% or Rs 6.00 from its previous closing of Rs 2939.00. The open interest of the contract stood at 54070 lots. The contract for August delivery was trading at Rs 3017.00, up by 0.33% or Rs 10.00 from its previous closing of Rs 3007.00. The open interest of the contract stood at 61580 lots on NCDEX.

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