Soybean goes up in futures trade on positive spot cues

Soybean prices improved by Rs 5 to Rs 3,130 per quintal in futures trading today as participants raised positions on upbeat spot sentiments.

According to market players, a firming trend at the spot markets, mainly supported the uptrend in soybean futures.

At the National Commodity and Derivative Exchange, soybean to be delivered in October contracts edged up by Rs 5 or 0.16 per cent to Rs 3,130 per quintal, clocking an open interest of 48,090 lots.

Also, the most-active November contracts registered a mere rise of Rs 4 or 0.13 per cent to Rs 3,148 per quintal, depicting an open interest of 58,250 lots.