Soyabean futures prices improved by Rs 31.50 to Rs 2,395 per quintal on Friday, following increased buying by traders influenced by firm overseas cues.
Market analysts said traders raised their holdings, tracking higher global markets trend where its prices crossed USD 14 a bushel in first time for the front month contract.
Pick up in domestic and export demand of soymeal also helped to boost the trading sentiment, they added.
At the National Commodity and Derivatives Exchange, soybean prices for September contract rose by Rs 31.50, or 1.33 per cent, to Rs 2,395 per quintal, with an open interest of 7,030 lots.
Most active July contract advanced by Rs 26.50, or 1.11 per cent, to Rs 2,408 per quintal, clocking an open interest of 1,20,300 lots.
Current month June’s contract also increased by Rs 22, or 0.93 per cent, to Rs 2,386 per quintal, with a trade volume of 1,00,930 lots.