Soyabean futures up on fresh buying support, global cues

Soyabean futures prices strengthened by Rs 19 to Rs 2,665 per quintal in future trading today on the back of firm global markets cue.

Market analysts said higher overseas market trends encouraged traders to enlarge holdings in futures market here.

Better export demand also helped to enthused trading sentiments, they added.

At the National Commodity and Derivatives Exchange, soyabean price for far May month contract improved by Rs 19, or 0.72 per cent, to Rs 2,665 per quintal, clocking an open interest of 15,890 lots. 

Most active near March-month contract went up by Rs 16.50, or 0.64 per cent, to Rs 2,595.50 per quintal, revealing an open interest of 2,27,140 lots.

Current February month contract also gained by Rs 13, or 0.51 per cent, to Rs 2,550 per quintal, with an open interest of 1,86,590 lots.