Soyabean futures traded marginally higher on NCDEX as speculators enlarged their positions on news that government may consider to increase import duty on soy oil which can be positive for soybean prices. However, some gains were capped as monsoon rains kept soybean fields well irrigated and increasing the chances of bumper crop.
The contract for October delivery was trading at Rs 3492.00, up by 0.23% or Rs 8.00 from its previous closing of Rs 3484.00. The open interest of the contract stood at 61560 lots.
The contract for November delivery was trading at Rs 3481.00, up by 0.09% or Rs 3.00 from its previous closing of Rs 3478.00. The open interest of the contract stood at 56230 lots on NCDEX.