 "Positive global cues lift soyabean futures 1.6%")
Soybean prices flared up by Rs 69 to Rs 4,287 per quintal in futures trading, tracking a firming trend in overseas markets as speculators widened their positions.
Marketmen said the rise in soyabean prices at futures trade was mostly attributed to a firming trend in global markets and strong domestic demand.
At the National Commodity and Derivatives Exchange, soyabean for delivery in far-month March contracts spurted by Rs 69, or 1.64 per cent to Rs 4,287 per quintal, in an open interest of 2,150 lots.
Also, the most-active delivery in November was trading higher by Rs 48, or 1.20 per cent to Rs 4,042 per quitnal, with an open interest of 70,560 lots.
Marketmen said the rise in soyabean prices at futures trade was mostly attributed to a firming trend in global markets and strong domestic demand.
At the National Commodity and Derivatives Exchange, soyabean for delivery in far-month March contracts spurted by Rs 69, or 1.64 per cent to Rs 4,287 per quintal, in an open interest of 2,150 lots.
Also, the most-active delivery in November was trading higher by Rs 48, or 1.20 per cent to Rs 4,042 per quitnal, with an open interest of 70,560 lots.