NCDEX Soybean rises on good worldwide cues
Soybean futures trading exchanged higher on Thursday monitoring good worldwide hints and on lower generation issues. NCDEX charged 10% special edge on Soy bean agreements w.e.f. 3rd Apr, 2012.
In NCDEX Jeera Apr agreement is trading at Rs.11847.50 per quintal, down by 1.12% on 15:40 IST against the past close. Open interest of the agreement is 15807 plenty and amount exchanged is 4557 plenty for the time being.
As per the USDA’s growing objective review, Soy bean placed area for 2012 is approximated at 73.9 thousand miles, down 1 % from last season and down 5 % from 2010.
World soybean result in 2011/12 is predicted to fall to 242.1 thousand lots, dropped by 9% in comparison to season on season basis.