Soybean prices moved up by Rs 50 per quintal in futures trading today after speculators created fresh positions, tracking a firm trend overseas.
Marketmen said a firming trend in global market and a rising trend in edible oil prices mainly influenced soybean futures here.
At the National Commodity and Derivative Exchange, soybean delivery for May contracts improved by Rs 50, or 1.21 per cent to Rs 4,170 per quintal, open interest stood of 93,060 lots.
Meanwhile, April contracts rose up by Rs 48, or 1.19 per cent to Rs 4,091 per quintal, clocking an open interest of 11,850 lots.
