Soyabean futures improve on global cues

Soyabean futures prices advanced by Rs 28 to Rs 2,409 per quintal today, following increased buying by traders on the back of firm overseas cues. 

Marketmen said tracking higher overseas market sentiments, traders created fresh positions. 

Rising export demand also helped to boost the trading sentiment to some extent, they added. 

At the National Commodity and Derivaties Exchange counter, soyabean prices for delivery in December surged by Rs 28, or 1.18 per cent to Rs 2,409 per quintal, with an open interest of 2,33,090 lots.

Delivery for November also enquired higher by Rs 23.50, or 1.01 per cent to Rs 2,347 per quintal, with an open interest of 76,810 lots.