Soyabean prices edged up by Rs 3.50, or 0.18 per cent, to Rs 1,896.50 per quintal in futures market today, as traders created fresh positions, driven by pick up in demand in the spot market.
At the National Commodity and Derivatives Exchange, soyabean for August contract gained Rs 3.50, or 0.18 per cent, to Rs 1,896.50 per quintal, with an open interest of 79,370 lots.
Similarly, the commodity for delivery in July contract edged up by Rs 2.50, or 0.13 per cent, to Rs 1,904 per quintal, with a business volume of 1,36,150 lots.
Marketmen said fresh buying by traders due to rise in demand in the spot market mainly helped soyabean prices to trade higher at futures trade.