Soyabean futures up on global cues

NEW DELHI: Soyabean prices spurted by Rs 74 to Rs 3,947 per quintal in future trading today as speculators enlarged positions, supported by rising demand at the physical markets.

At the National Commodity and Derivatives Exchange, soyabean for delivery in October flared up by Rs 74, or 1.91 per cent, to Rs 3,947 per quintal, in an open interest of 5,040 lots.

Also, soyabean for most-active November delivery spurted Rs 73, or 1.88 per cent, to Rs 3,950 per quintal and an open interest stood of 81,650 lots.

Marketmen attributed rise in soyabean futures to strong demand at the domestic spot market.