Soyabean futures improve on global cues

Soyabean prices improved by Rs 28.50 to Rs 2,293 per quintal in future trade today in line with firm overseas markets.

Market analysts said traders preferred to raise their holdings on the back of a bullish trend in overseas markets.

Reduced supply and pick up in demand in physical markets also helped in buoying up the trading sentiments, they added.

At the National Commodity and Derivatives Exchange counter, soyabean price for most active December month contract delivery at Indore hardened by Rs 28.50 or 1.26 per cent to Rs 2,293 per quintal, clocking an open interest of 1,99,190 lots.

Contract for March also went up by Rs 34.50 or 1.13 per cent to Rs 2,403 per quintal, witnessing an open interest of 4,160 lots.