Soyabean futures advance on global cues

Soyabean prices improved by Rs 50.50 to Rs 4,238 per quintal in futures trading today following increased buying by traders in tandem with firm overseas market cues.
Marketmen said traders preferred to enlarge holdings, tracking higher global market sentiments.
Rise in other edible oils prices also boosted the trading sentiments, they said.
At the National Commodity and Derivatives Exchange, soyabean prices for most active near April contract gained Rs 50.50, or 1.21 per cent, to Rs 4,238 per quintal, with an open interest of 1,18,550 lots.
First March contract too remained in keen demand and hardened by Rs 49.50, or 1.18 per cent, to Rs 4,253.50 per quintal, having an open interest of 11,760 lots.