NCDEX Soybeans ended in red after recording some gains earlier in the day as profit booking emerged in the commodity after day’s highs. The commodity eased in the spot markets today as the demand thinned after last few days’ highs. The spot prices eased to Rs 1673 in today’s trade, down Rs 7 per quintal from the last session. The spot prices in Indore rose after falling to Rs 1633 per quintal in the middle of October as good demand in the festive season and lean arrivals supported the prices.
The commodity hit a two-week high of Rs 1680 per quintal yesterday. However, the movement in today’s session has been a let down so far. Not much of a demand is emerging in the spot markets at the prevailing rates. After hitting a high of Rs 1710 in intraday moves, the NCDEX December futures ended at Rs 1688 per quintal, down Rs 11 or 0.65% from the previous close.
The commodity hit a two-week high of Rs 1680 per quintal yesterday. However, the movement in today’s session has been a let down so far. Not much of a demand is emerging in the spot markets at the prevailing rates. After hitting a high of Rs 1710 in intraday moves, the NCDEX December futures ended at Rs 1688 per quintal, down Rs 11 or 0.65% from the previous close.
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