Soyabean futures traded marginally higher on NCDEX as speculators enlarged their positions due to lower acreage and dry conditions in soybean growing areas of Madhya Pradesh. However, weak demand from the industrial buyers along with higher stock levels in the country, capped some gains.
The contract for August delivery was trading at Rs 2965.00, up by 0.61% or Rs 18.00 from its previous closing of Rs 2947.00. The open interest of the contract stood at 23020 lots.
The contract for October delivery was trading at Rs 3135.00, up by 0.77% or Rs 24.00 from its previous closing of Rs 3111.00. The open interest of the contract stood at 49660 lots on NCDEX.