Wednesday, 2 May 2012

Ncdex Commodity Tips

"NCDEX Soy bean advances on company move demand" 2May

Soybean futures trading obtained in NCDEX monitoring international hints along with Soymeal move need.

In NCDEX Soy bean May agreement exchanged in the evening time at Rs.3624 per quintal, up by 0.80% on 16:35 IST against the past close.Open interest of the agreement so far is 80060 plenty and amount exchanged is 117850 plenty.

Firm offshore market due to reduced international conclusion shares as reduced development reports of Southern region The united states (Brazil and Argentina) in addition to strong need of soybean from Chinese suppliers. The Commission payment on Farming Costs and Costs (CACP), under the secretary of state for farming, has suggested a 30% development of soybean also provided support to the prices.

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