Soybeans ended almost unaltered after a sharp pullback in the early moves following global cues with the expectations of a strong demand in near term ensuing the buyers emerge in the later half of the day.
Earlier in the day, Soybeans drifted sharply lower today, eying major fall in the CBOT futures in electronic trades as the heavy fall in the crude oil prices hurt sentiments in global commodities spectrum.
NCDEX Soybeans also slid sharply lower.. The counter opened lower at Rs 2551 per quintal and slumped to Rs 2531 per quintal. The counter closed at Rs 2570.50 – at the previous closing price only.
However, the benchmark October contract ended down Rs 37.50 at Rs 2145 with a heavy increase of 7.40% in the open interest indicating that traders are pricing in the arrivals to start somewhat early this year.
Earlier in the day, Soybeans drifted sharply lower today, eying major fall in the CBOT futures in electronic trades as the heavy fall in the crude oil prices hurt sentiments in global commodities spectrum.
NCDEX Soybeans also slid sharply lower.. The counter opened lower at Rs 2551 per quintal and slumped to Rs 2531 per quintal. The counter closed at Rs 2570.50 – at the previous closing price only.
However, the benchmark October contract ended down Rs 37.50 at Rs 2145 with a heavy increase of 7.40% in the open interest indicating that traders are pricing in the arrivals to start somewhat early this year.
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