Soyabean futures up Rs 35 per quintal

Soybean prices were up by Rs 35 per quintal in future trading today after speculators created positions, tracking a firming trend overseas.

Besides, strong demand at the spot markets influenced soybean prices.

Marketmen attributed rise in soyabean futures to fresh positions built up by speculators following strong overseas and

domestic demand.

At the National Commodity and Derivatives Exchange, soybean for delivery in February next year was up by Rs 35, or 1.03 per cent to Rs 3,419 per quintal, with an open interest stood of 4,180 lots.

Also, most-active October month contracts rose by Rs 27, or 0.84 per cent at Rs 3,246 per quintal, in an open interest of 70,830 lots.