Indian soybean futures snap seven-day losing streak
- By Reuters |
- Jan 31, 2017
- Last Updated at 18:33 IST
Indian soybean futures snapped a seven-day losing streak to end slightly higher on Tuesday, while the soyoil contract was on track to close higher after three straight sessions of loss.
The one-month soybean futures contract, which has fallen about 4 percent from its January high of 3,156 rupees it touched two weeks ago, rose about 0.2 percent to 3,036 rupees ($44.79) per 100 kg.
The February soyoil contract on the National Commodity & Derivatives Exchange Ltd (NCDEX), which has fallen more than 3 percent over the last three days, was up 0.6 percent at 697 rupees per 10 kg as of 1205 GMT.
The most actively traded rapeseed contract closed 0.9 percent higher at 3,834 rupees, after losing about 2 percent in three straight sessions of decline.
The one-month corn futures contract was largely flat at 1,453 rupees.
($1 = 67.7879 Indian rupees)
(Reporting by Sudarshan Varadhan; Editing by Amrutha Gayathri)
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