Soybean prices looked up by Rs 32 to Rs 2,992 per quintal in futures trading today following fresh buying by traders, guided by firm overseas markets.
Marketmen said rise in its prices at international markets mainly encouraged traders to build up fresh positions, which led to rise in soybean prices here in future trading.
Apart from this, thin supplies from growing regions and rising prices of other edible oils also helped to buoy up trend, they added.
At the National Commodity and Derivatives Exchange platform, soybean delivery for April spurted by Rs 32 or 1.08 per cent to Rs 2,992 per quintal, open interest depicted of 1,17,720 lots.
Most active March delivery too bounced by Rs 28 or 0.97 per cent to Rs 2,923 per quintal, with the business turnover of 1,95,610 open lots.
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