Soyabean futures up on global cues

NEW DELHI: Soyabean prices rose by Rs 102.50 to Rs 4,652 per quintal in futures trading today as traders raised positions in line with a firm overseas markets cue.

Marketmen said hike in prices at overseas markets Soyabean futures up on global cues

New Delhi, Aug 7 (PTI) Soyabean prices rose by Rs 102.50 to Rs 4,652 per quintal in futures trading today as traders raised positions in line with a firm overseas markets cue.

Marketmen said hike in prices at overseas markets mainly influenced trading sentiments here in futures price of soyabean.

Pick up in demand at domestic markets and rising export demand of soyameal too helped boost trading sentiments, they said.

At the National Commodity and Derivatives Exchange, soybean for August delivery at Indore-Madhya Pradesh jumped up by Rs 102.50, or 2.25 per cent, to Rs 4,652 per quintal, with an open interest of 31,210 lots.

For delivery in October, the prices gained Rs 39, or 0.99 per cent, to Rs 3,987 per quintal, with an open interest of 84,990 lots. PTI SDG RSmainly influenced trading sentiments here in futures price of soybean.

Pick up in demand at domestic markets and rising export demand of soymeal too helped boost trading sentiments, they said.

At the National Commodity and Derivatives Exchange, soybean for August delivery at Indore-Madhya Pradesh jumped up by Rs 102.50, or 2.25 per cent, to Rs 4,652 per quintal, with an open interest of 31,210 lots.

For delivery in October, the prices gained Rs 39, or 0.99 per cent, to Rs 3,987 per quintal, with an open interest of 84,990 lots.