Daily

Daily Metal & Agro Buzz:


HIGHLIGHTS:

Soybean futures traded marginally higher on NCDEX as speculators enlarged their positions on good demand for soy meal exports. Total exports of soy oil meal in the first seven months of the fiscal started April is almost 5 times higher to 5.37 lakh tons compared to 1.07 lakh tons last year. However, weakening of prices overseas on bumper stocks, capped some gains. The contract for November delivery was trading at Rs 2809.00, up by 0.14% or Rs 4.00 from its previous closing of Rs 2805.00. The open interest of the contract stood at 15290 lots. The contract for December delivery was trading at Rs 2859.00, up by 0.25% or Rs 7.00 from its previous closing of Rs 2852.00. The open interest of the contract stood at 189920 lots on NCDEX.

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