Soybean prices were higher by Rs 36 to Rs 3,733 per quintal in futures trade today after speculators raised exposure in sync with positive leads from overseas markets.
Market players said an upward trend in soybean prices was mostly supported by widening of bets by participants, triggered by a firm trend overseas.
Besides, a firming trend in edible oils supported the upside in prices, they added.
At the National Commodity and Derivatives Exchange counter, soybean for delivery in May spurted by Rs 36 or 0.97 per cent to Rs 3,733 per quintal, having an open interest of 60,400 lots.
The June contract was quoting higher by Rs 34 or 0.91 per cent to Rs 3,788 per quintal, in an open interest of 1,42,550 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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