 "Soybean up 2.3% on global cues")
Soybean prices rose by Rs 87.50 to Rs 3,807.50 per quintal in futures trading today on increased speculators buying in tandum with firm global cues as well as spot market cues.
Marketmen said rise in its prices in overseas markets due to reports that the harvest will slow because of cold, wet weather in central areas of the US, the world's biggest producer, encouraged traders to raise holdings.
Pick up in demand in spot markets here also boosted the trading sentiments to some extent, they said.
Near December contract gained Rs 57, or 1.57%, to Rs 3,685.50 per quintal, clocking an open interest of 93,660 lots.
Most active November contract surged by Rs 50.50, or 1.41%, to Rs 3,636 per quintal, having an open interest of 1,07,750 lots.
Marketmen said rise in its prices in overseas markets due to reports that the harvest will slow because of cold, wet weather in central areas of the US, the world's biggest producer, encouraged traders to raise holdings.
Pick up in demand in spot markets here also boosted the trading sentiments to some extent, they said.
Also Read
At the National Commodity and Derivatives Exchange, soybean for March contract jumped up by Rs 87.50, or 2.35%, to Rs 3,807.50 per quintal, in open interest of 1,980 lots.
Near December contract gained Rs 57, or 1.57%, to Rs 3,685.50 per quintal, clocking an open interest of 93,660 lots.
Most active November contract surged by Rs 50.50, or 1.41%, to Rs 3,636 per quintal, having an open interest of 1,07,750 lots.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%