Soybean prices rose higher by Rs 13 to Rs 3,197 per quintal in futures trading today after participants expanded their positions, tracking positive cues in global market.
Marketmen said widening of positions by traders, triggered by a firming trend in global market, mainly pushed up prices here at futures trade.
In addition, pick-up in demand from animal and poultry feed makers, gave push to the rising prices.
At the National Commodity and Derivative Exchange, soybean for delivery in December was up by Rs 13 or 0.41 per cent to Rs 3,197 per quintal, clocking an open interest of 68,340 lots.
The most-active delivery in November too was trading higher by Rs 12 or 0.39 per cent to Rs 3,114 per quintal, with the business turnover of 1,11,930 open lots.
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