Soybean up 2% on firming global cues
Soybean for the December contract gained 1.94%
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Soybean advanced by Rs 89.50 to Rs 3,524 per quintal in futures trade today following increased buying in tandem with firm global and domestic markets cues.
Marketmen said rise in soybean prices at overseas markets, triggered by increased buying against restricted supply in domestic markets, mainly supported the uptrend in futures trading.
At the National Commodity and Derivatives Exchange, soybean for most active November contract edged up by Rs 89.50, or 2.01%, to Rs 3,524 per quintal, with an open interest of 1,01,670 lots.
December contract gained Rs 67.50, or 1.94%, to Rs 3,553.50 per quintal in open interest of 42,390 lots.
October month's contract also surged by Rs 62, or 1.80% to Rs 3,514 per quintal in 95,730 lots.
Marketmen said rise in soybean prices at overseas markets, triggered by increased buying against restricted supply in domestic markets, mainly supported the uptrend in futures trading.
At the National Commodity and Derivatives Exchange, soybean for most active November contract edged up by Rs 89.50, or 2.01%, to Rs 3,524 per quintal, with an open interest of 1,01,670 lots.
December contract gained Rs 67.50, or 1.94%, to Rs 3,553.50 per quintal in open interest of 42,390 lots.
October month's contract also surged by Rs 62, or 1.80% to Rs 3,514 per quintal in 95,730 lots.
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First Published: Sep 13 2013 | 1:30 PM IST