Indian soyabean futures snap 7-day losing streak

03 Feb, 2017

Indian soyabean futures snapped a seven-day losing streak to end slightly higher on Tuesday, while the soyaoil contract was on track to close higher after three straight sessions of loss. The one-month soyabean 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 soyaoil 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.

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