Soybean prices rose by Rs 42 to Rs 3,721 per quintal in futures trade today on accumulation of bets backed by rising overseas trend.
Marketmen said widening of bets by speculators in tune with upbeat overseas sentiment, supported the upside in soybean futures prices.
At the National Commodity and Derivatives Exchange, soybean for delivery in June contracts shot up by Rs 42, or 1.14 per cent, to Rs 3,721 per quintal in a business' turnover of 87,790 open lots.
Also, the delivery for May contracts rose by Rs 38, or 1.05 per cent, to Rs 3,660 per quintal in an open interest of 1,61,060 lots.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)