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Soybean prices flared up by Rs 37 to Rs 3,140 per quintal in futures trading today after speculators raised their bets, taking positive global cues.
Marketmen said expanding of positions by participants, triggered by a firming trend in global markets, mainly led to the rise in soybean prices in futures trade.
At the National Commodity and Derivatives Exchange, soybean for most-active delivery in December was trading higher by Rs 37, or 1.19 per cent, to Rs 3,140 per quintal, with an open interest of 1,20,940 lots.
In a similar fashion, soybean for delivery in January 2017 gained Rs 37, or 1.17 per cent, to Rs 3,201 per quintal, showing an open interest of 63,780 lots.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)