Soybean prices rose by Rs 15 to Rs 3,651 per quintal in futures trade Tuesday after traders raised their bets following positive overseas leads.
Marketmen said widening of portfolios by investors who tracked positive global cues supported soybean prices.
On the National Commodity and Derivatives Exchange, the most-active July contract of soybean rose by Rs 15 or 0.41 per cent to Rs 3,651 per quintal with an open interest of 1,09,700 lots.
The contract for delivery in August was trading lower by Rs 9 or 0.25 per cent to Rs 3,672 per quintal with an open interest of 17,740 lots.
Soyabean contracts firmed up in Chicago on expectations of low yields and lower than expected sown area in the US.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)