Soybean futures extend gains on strong demand27-Jul-2021 16:47 Hrs IST
Soybean futures extended gains on NCDEX as speculators enlarged their positions amid strong demand following slower pace of sowing. Soybean prices improved further on firm trend at overseas markets after a weekly US government report showed the condition of both crops deteriorated unexpectedly last week.The contract for August delivery was trading at Rs 9,565.00, up by 5.04% or Rs 459.00 from its previous closing of Rs 9,106.00. The open interest of the contract stood at 26,800 lots.The contract for September delivery was trading at Rs 8,865.00, up by 2.77% or Rs 239.00 from its previous closing of Rs 8,626.00. The open interest of the contract stood at 15,685 lots on NCDEX.