Soyabean futures up on global cues

NEW DELHI: Soyabean prices firmed up by Rs 51 to Rs 3,985 per quintal in futures trading today, mostly in line with a firming trend in the global markets.

At the National Commodity and Derivatives Exchange, soyabean for delivery in far-month August contracts edged up by Rs 51 or 1.30 per cent to Rs 3,985 per quintal, clocking an open interest of 22,860 lots.

Similarly, the most-active delivery in June contracts was trading higher by Rs 47 or 1.18 per cent at Rs 4,020 per quintal, having an open interest of 79,740 lots.

Traders said besides a firming trend in overseas markets, better demand at domestic markets, led to the rise in soyabean prices at future trading.