Soybean up by 3.4% on global cues

Soyabean prices rose by Rs 117.50 to Rs 3,557.50 per quintal in futures trade today following brisk buying by traders driven by firm overseas markets cues.

 

Marketmen said tracking higher global markets sentiment, traders preferred to enlarge their holdings.

     

Rise in other edible oils prices too brought the upsurge in soybean prices, they said.

 

At the National Commodity and Derivatives Exchange, soybean prices for most active November month hardened by Rs 117.50, or 3.42% to Rs 3,557.50 per quintal, with an open interest of 1,21,090 lots.

     

Similarly, October month rose by Rs 110.50, or 3.22% to Rs 3,537 per quintal, having an open interest of 96,080 lots.