Soybean futures lift on positive global cues

Soybean prices pushed up by Rs 49 to Rs 3,595 per quintal in futures trade today as traders indulged in creating holdings tracking a robust trend overseas.

Market players said speculators were raising exposure induced by upbeat global markets sentiments, which influenced the upside in soybean futures prices.

At the National Commodity and Derivatives Exchange, soybean delivery for July surged by Rs 49, or 1.38 per cent, to Rs 3,595 per quintal, with an open interest of 30,910 lots.

The delivery for October also went ahead by Rs 14, or 0.41 per cent, to Rs 3,457 per quintal, in an open interest of 40,740 lots.