Soybean prices were higher by Rs 59 to Rs 3,290 per quintal in futures trading today after operators created fresh positions, driven by a firm trend overseas.
Marketmen said the rise in soybean prices in futures trade was mostly supported by building up of fresh positions following a firm trend overseas and surge in other edible oil prices.
At the National Commodity and Derivative Exchange, soybean for delivery in November contract shot up by Rs 59 or 1.83 per cent to Rs 3,290 per quintal, open interest revealed of 20,320 lots.
In similar manner, soybean for October delivery contracts hardened by Rs 55 or 1.72 per cent to Rs 3,246 per quintal and open interest stood at 58,710 lots.
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