Business

Soybean futures revive on short covering, global cues

Soybean futures revive on short covering, global cues

New Delhi: Soybean prices recaptured by Rs 18 to Rs 3,082 per quintal in futures trade today on revival of buying at prevailing levels by speculators in line with emerging global markets.

Marketmen said besides low levels buying by traders, rebounding of prices in international markets mainly enthused trading sentiments in futures trading.

At the National Commodity and Derivatives Exchange, soybean delivery for February retook Rs 18, or 0.59 per cent, at Rs 3,082 per quintal, clocking an open interest of 75,800 lots.

The first contract for January also restored by Rs 17, or 0.56 per cent, to Rs 3,035 per quintal, with an open interest at 1,00,050 lots.