Soybean prices went up by Rs 22 to Rs 3,518 per quintal in futures trade today after investors created fresh holdings backed by strong overseas cues.
Marketmen said, elaborating of positions by the participants spurred by rising prices at overseas markets led to the uptick in soybean futures prices.
Besides, upward movement in edible oils also supported the price rise, they added.
At the National Commodity and Derivatives Exchange, soybean delivery for the most active July contract moved up by Rs 22, or 0.63 per cent, to Rs 3,518 per quintal clocking an open interest of 98,740 lots.
The delivery of the August contract also marked ahead by Rs 2, or 0.06 per cent, to Rs 3,412 per quintal depicting an open interest of 20,260 lots.
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