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Soyabean futures prices extended gains by rising Rs 24 to Rs 2,347.50 per quintal on Wednesday, triggered by fresh buying by traders in tandem with firm global cues.
Market analysts said fall in supply and strong demand of soymeal from export houses, also influenced the trading activity.
At the National Commodity and Derivatives Exchange counter, soyabean price for delivery in February shot up by Rs 24, or 1.03 per cent, to Rs.2,347.50 per quintal, with an open interest of 2,01,160 lots.
Similarly, prices for delivery in January at Indore hardened by Rs 19.50, or 0.86 per cent, to Rs 2,284 per quintal, clocking an open interest of 1,90,350 lots.
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