Soybean futures surged on NCDEX as speculators enlarged their positions amid improved demand at domestic spot markets. Meanwhile, investors will be focusing on production in the marketing year 2021-22 (October-September) as erratic rainfall during the sowing season affected yields.
The contract for October delivery was trading at Rs 5,984.00, up by 1.22% or Rs 72.00 from its previous closing of Rs 5,912.00. The open interest of the contract stood at 35,955 lots.
The contract for November delivery was trading at Rs 5,811.00, up by 1.68% or Rs 96.00 from its previous closing of Rs 5,715.00. The open interest of the contract stood at 30,320 lots on NCDEX.
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