Soybean prices traded higher by Rs 13 to Rs 3,493 per quintal in futures trade on Wednesday after participants extended their bets, tracking positive cues from the physical market.
Marketmen said upbeat demand at the spot market also led to the rise in soybean prices.
At the National Commodity and Derivatives Exchange, soybean for November gained Rs 13, or 0.37 per cent, to Rs 3,493 per quintal, depicting an open interest of 16,610 lots.
The delivery for October edged up by Rs 17, or 0.49 per cent, to Rs 3,503 per quintal open interest stood at 28,340 lots.