Soybean prices firmed up by Rs 60 to Rs 2,914 per quintal in futures trading today as traders enlarged their positions due to firm trend in global markets.
At the National Commodity and Derivatives Exchange, soybean for delivery in July strengthened by Rs 60, or 2.10 per cent, to Rs 2,914 per quintal, clocking an open interest of 68,650 lots.
Soybean for delivery in far-month August also rose by Rs 54, or 1.85 per cent, to Rs 2,979 per quintal, having an open interest of 54,730 lots.
Traders said the rise in soybean prices in futures trade was mostly supported by raising of bets by participants, tracking a firm trend in overseas markets.
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