NEW DELHI, May 3: Soybean prices were higher by Rs 14 to Rs 3,737 per quintal in futures trade today on raising of holdings, tracking upbeat global cues.
Marketmen attributed the rise in soybean prices at futures trade to widening of positions by participants, triggered by a positive trend at global markets.
Besides, an upward trend in select edible oils, too, supported the upside.
At the National Commodity and Derivatives Exchange, soybean for delivery in June rose by Rs 14 or 0.38 per cent to Rs 3,737 per quintal, having an open interest of 98,820 lots.
Soybean for the most-active delivery in current month edged up by Rs 13 or 0.35 per cent to Rs 3,680 per quintal, in an open interest of 1,36,650 lots. (PTI)
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