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Soybean futures: Soybean, refined soy oil prices rise sharply on demand pickup


Soybean and refined soy prices saw sharp gains on Monday amid strong demand in the spot market.
NCDEX soybean futures for April delivery surged by Rs 161, or 2.62 per cent, to Rs 6,304 a quintal in 50,375 lots during the session.
The May contract climbed up by Rs 176, or 3.91 per cent, to Rs 6,216 per quintal in 1,02,745 lots.
Market sources said the buildup of fresh positions by speculators amid strong demand underpinned the prices in futures trade.
Refined soy futures followed suit. An increase in the order size from speculators pushed refined soya oil futures higher.
NCDEX refined soy oil futures for April delivery moved up by Rs 22.5, or 1.75 per cent, to Rs 1,307 per 10 kg in 33,220 lots. ....

Soybean Futures , Refined Soy Oil Prices , Agro Commodities , சோயாபீன் எதிர்காலங்கள் , சுத்திகரிக்கப்பட்டது சோயா எண்ணெய் ப்ரைஸஸ் ,

Refined soya oil prices: Refined soya oil futures fall on low demand


Synopsis
Refined soya oil contracts for February traded lower by Rs 13.8, or 1.28 per cent, to Rs 1,068 per 10 kg in 38,025 lots.
Agencies
NEW DELHI: Refined soya oil prices on Wednesday fell Rs 5.1 to Rs 1,106 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market.
On the National Commodity and Derivatives Exchange, refined soya oil for delivery in January declined by Rs 5.1, or 0.46 per cent, to Rs 1,106 per 10 kg in 8,340 lots.
Refined soya oil contracts for February traded lower by Rs 13.8, or 1.28 per cent, to Rs 1,068 per 10 kg in 38,025 lots.
Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices. ....

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