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Soyabean futures on NCDEX on fire, rule 40% higher than CBOT


Soyabean futures on NCDEX on fire, rule 40% higher than CBOT
April 14, 2021
Oilseed crushers say movement ‘unnatural’, demand SEBI action
An “unusual” movement in soyabean futures on the National Commodities and Derivatives Exchange (NCDEX) has led to a hue and cry being raised with oilseed crushers complaining to the Centre.
The current movement has resulted in Indian futures prices ruling at least 40 per cent higher than Chicago Board of Trade (CBOT) soyabean futures.
On Tuesday, soyabean for delivery this month ended at ₹6,910 a quintal, while May and June futures closed at ₹6,727 and ₹ 6,570, respectively. NCDEX spot soyabean (Indore delivery) was quoted at 7,070 a quintal. ....

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