Soybean futures up on global cues

Soybean prices rose by Rs 23 to Rs 3,219 per quintal in futures trade today as participants indulged in raising their holdings, driven by positive overseas cues.

Marketmen said widening of bets by participants, tracking overseas cues mainly influenced soybean prices in futures trade.

Besides, better trend in other edible oils prices too influenced soybean prices, they added.

At the National Commodity and Derivatives Exchange, soybean for delivery in November surged by Rs 23, or 0.72 per cent, to Rs 3,219 per quintal, with an open interest of 18,360 lots.

Soybean for most-traded delivery in October also advanced by Rs 22, or 0.70 per cent, to Rs 3,171 per quintal, having an open interest of 60,610 lots.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)