Soybean futures extend gains

Image
Press Trust of India New Delhi
Last Updated : Jan 18 2017 | 12:57 PM IST
Soybean prices went up by another Rs 18 to Rs 3,203 per quintal in futures trading today as speculators expanded their position, tracking a firm trend at the physical markets.
Positive global cues too influenced the sentiments.
At the National Commodity and Derivative Exchange, soybean for delivery in most-traded February contracts surged by Rs 18 or 0.57 per cent to Rs 3,203 per quintal, with an open interest of 1,53,590 lots.
Soyabean for delivery in January also moved up by Rs 16 or 0.51 per cent to Rs 3,146 per quintal, having an open interest of 7,590 lots.
Marketmen said the rise in soybean prices at futures trade was mostly attributed to a firm trend at the domestic spot markets on strong demand amid tight supplies from growing regions.
Besides, they added, a firm trend overseas supported the upside.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 18 2017 | 12:57 PM IST

Next Story