Soybean up 2.1% on global cues

February month surged by 1.46%

Soybean prices hardened by Rs 81.50 to Rs 3,828 per quintal in futures trading today due to buying by traders on firm overseas markets sentiment.

Marketmen said thin supply and pick up in domestic demand mainly supported the upsurge in future trading.

At the National Commodity and Derivatives Exchange, soybean for April month spurted by Rs 81.50, or 2.18%, to Rs 3,828 per quintal with an open interest of 11,420 lots.

February month surged by Rs 56, or 1.46%, to Rs 3,887 per quintal in open interest of 1,41,800 lots.

January month also advanced by Rs 40.50, or 1.05%, to Rs 3,914 per quintal, in an open interest of 97,850 lots.