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Soyabean futures recover on fresh buying


New Delhi, Feb 25: Soyabean prices regained by Rs 13 to Rs 3,748 per quintal in futures trading today on fresh buying by speculators, guided by firm spot markets.

Marketmen said after yesterday's sell-off, traders preferred to built fresh positions, driven by firm physical markets. Rising demand of soymeal also enthused trading sentiments, they added.


At the National Commodity and Derivative Exchange counter, soyabean delivery for April month contract recovered by Rs 13, or 0.35 per cent to Rs 3,748 per quintal, having an open interest of 3-,290 lots.

Meanwhile, most active March month contract delivery improved by Rs 4, or 0.24 per cent to Rs 3,694 per quintal, in an open interest of 84,880 lots. All active four contracts entered in positive zone on revival of buying at prevailing levels.


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