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Soyabean futures up on fresh buying, global cues

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 1:43 AM IST

Soyabean futures prices strengthened by Rs 26 to Rs 2,573 per quintal in future trading today on the back of firm global markets cue.

Market analysts said higher overseas market trends encouraged traders to enlarge holdings.

Better export demand of soymeal also helped to enthused trading sentiments, they added. 

At the National Commodity and Derivatives Exchange counter, soyabean for delivery in May rose by Rs 26, or 1.02 per cent, to Rs 2,573 per quintal, having an open interest of 25,400 lots.

Soyabean for delivery in March hardened by Rs 20.50, or 0.82 per cent, to Rs 2,506 per quintal, with an open interest of 2,28,190 lots.

While delivery in February went up by Rs 13.50, or 0.55 per cent, to Rs 2,461.50 per quintal, with an open interest of 1,59,990 lots.

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First Published: Jan 31 2011 | 1:30 PM IST

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