Soybean prices firmed up by Rs 25 to Rs 2,721 per quintal in futures trading as speculators created positions at prevailing levels amid a firm trend overseas.
Marketmen said building up of positions by participants at current levels, triggered by positive global cues, mainly attributed the rise in soybean prices in futures trade here.
At the National Commodity and Derivatives Exchange, soybean for delivery in the June was trading higher by Rs 25, or 0.93 per cent, to Rs 2,721 per quintal, having an open interest of 95,470 lots.
Soybean for delivery in July too rose Rs 21, or 0.76 per cent, to Rs 2,783 per quintal in a business turnover of 70,450 open lots.
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