DAILY MCX NCDEX REPORT FOR 28 APRIL 2014

Base Metals & Energy

D A I L Y B U Z Z 

COPPER 

Taking positive cues from the overseas markets and increased domestic demand, copper prices rose by 1.78 per cent to Rs 420.95 per kg in futures trade today as participants created speculative positions. 

At the Multi Commodity Exchange, copper for delivery in April traded higher by Rs 7.35, or 1.78 per cent, to Rs 420.95 per kg in business turnover of 7,682 lots. 

Similarly, the metal for delivery in June edged up by Rs six, or 1.44 per cent, to Rs 421.85 per kg in 1,283 lots. 

Agro Outlook

D A I L Y B U Z Z 

SOYBEAN 

Soybean futures jumped 3 per cent on Friday to their highest in more than 20 months on concerns that production of the oilseed may drop in the next season if the country receives lower rainfall, three dealers said. 

At 0711 GMT, the key April soybean contract was up 2.60 per cent at 4,630 rupees ($75.83) per 100 kg on the National Commodity and Derivatives Exchange, after rising to 4,651 rupees earlier in the day, the highest level since Aug. 10, 2012.

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