India NCDEX soybean up on bargain buys; spot soy down

Prices of soybean fell at the benchmark Indore market in Madhya Pradesh due to low buying at high prices. High supply in markets weighed on soybean prices. Improved demand from domestic oil millers and crushers lifted prices at Jaipur in Rajasthan, thereby, supporting contracts on the NCDEX. Prices rose on the Malaysian bourse due to bargain buying.

NCDEX mustard up on low acreage, spot cues

Futures contracts of mustard seed were up on the NCDEX due to a fall in the acreage of the oilseed. Improved demand from domestic oil millers and crushers lifted prices at Jaipur in Rajasthan, thereby, supporting contracts on the NCDEX. On the NCDEX, the most active December contract was up 0.8%.