Soyabean futures improve on global cues

Soyabean prices improved by Rs 22.50, or 1.04 per cent, to Rs 2,180 per quintal in future trade today in line with firm overseas markets cue.

Marketmen said traders preferred to raise their holdings on the back of higher global markets sentiment.

Reduced supply and pick up in demand in physical markets also helped to push up the trading sentiments, they added. 

At the National Commodity and Derivatives Exchange counter, soyabean prices for the near September-month contract gained by Rs 22.50, or 1.04 per cent, to Rs 2,180 per quintal, with an open interest of 1,35,480 lots.

Current August-month contract also went up by Rs 12, or 0.55 per cent, to Rs 2,175.50 per quintal, clocked an open interest of 75,350 lots.