Soybean futures add Rs 31 per quintal

Soybean prices were trading higher by Rs 31 to Rs 2,939 per quintal in futures trading today as participants indulged in expanding bets on the back of a firming trend in overseas markets.

Marketmen said, the rise in soybean prices at futures trade was mostly attributed to widening of positions by traders, tracking a firm trend in global markets.

At the National Commodity and Derivatives Exchange, soybean delivery in March improved by Rs 31, or 1.07 per cent, to Rs 2,939 per quintal, in an open interest of 1,86,740 lots.

Similarly, soybean for delivery in April rose Rs 30, or 1.01 per cent, to Rs 3,008 per quintal, clocking an open interest of 1,20,120 lots.