Soyabean futures gain on global sentiment

Soyabean futures prices surged by Rs 25.50, or 1.22 per cent, to Rs 2,123 per quintal in futures trading today following brisk buying by traders in line with firm overseas markets cue.

Marketmen said traders proffered to enlarge their positions, influenced by a firming global trend.

Fall in supply and strong demand of soymeal from export houses, too influenced the trading sentiment, they added.

At the National Commodity and Derivatives Exchange counter, soyabean prices for January-month contract spurted by Rs 25.50, or 1.22 per cent, to Rs 2,123 per quintal, with an open interest of 13,030 lots.

October month delivery also went up by Rs 15, or 0.74 per cent, to Rs 2,050.50 per quintal, with an open interest of 94,910 lots.