 "Soyabean up 1% on global cues")
Soyabean prices rose Rs 40.50 to Rs 3,802 per quintal in futures trade today on increased buying by speculators in tandem with firm global and domestic markets sentiments.
Marketmen said increased buying against restricted supply in domestic markets and a firming trend in overseas markets mainly supported the uptrend in futures trading.
At the National Commodity and Derivatives Exchange, soyabean prices for January contract advanced by Rs 40.50, or 1.08%, to Rs 3,802 per quintal, with an open interest of 9,600 lots.
Most active March contracts rose Rs 35.50, or 0.97%, to Rs 3,695 per quintal, having an open interest of 1,09,200 lots.
Marketmen said increased buying against restricted supply in domestic markets and a firming trend in overseas markets mainly supported the uptrend in futures trading.
At the National Commodity and Derivatives Exchange, soyabean prices for January contract advanced by Rs 40.50, or 1.08%, to Rs 3,802 per quintal, with an open interest of 9,600 lots.
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Near February contract gained Rs 36.50, or 0.99%, to Rs 3,736 per quintal, clocking an open interest of 1,01,220 lots.
Most active March contracts rose Rs 35.50, or 0.97%, to Rs 3,695 per quintal, having an open interest of 1,09,200 lots.
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