Soyabean futures gain on global cues

PTI New Delhi | Updated on May 10, 2011 Published on May 10, 2011

Soyabean prices improved by Rs 18 to Rs 2,334 a quintal in futures trade today following increased buying supported by firm overseas advices.

Market analysts said rise in its prices in international markets guided traders to create fresh positions.

Higher exporters demand also aided the trading sentiment to some extent, they added. At the National Commodity and Derivatives Exchange, soyabean for delivery in May advanced by Rs 18 or 0.78 per cent to Rs 2,334 a quintal with an open interest of 1,00,870 lots.

Likewise, its prices for June delivery gained Rs 17.50, or 0.74 per cent to Rs 2,371.50 a quintal, clocking an open interest of 1,52,930 lots.

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Published on May 10, 2011
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