Marketmen said expanding of positions by participants, triggered by a firming trend in global markets, mainly led to the rise in soybean prices in futures trade.
At the National Commodity and Derivatives Exchange, soybean for most-active delivery in December was trading higher by Rs 37, or 1.19 per cent, to Rs 3,140 per quintal, with an open interest of 1,20,940 lots.
In a similar fashion, soybean for delivery in January 2017 gained Rs 37, or 1.17 per cent, to Rs 3,201 per quintal, showing an open interest of 63,780 lots.
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