Soybean futures traded marginally higher on NCDEX on expectation of better demand for crushing from oil mills as government is planning to hike import duties of soft oil - soy oil, rapeoil and sunflower oil.
The contract for June delivery was trading at Rs 3791.00, up by 0.05% or Rs 2.00 from its previous closing of Rs 3789.00. The open interest of the contract stood at 144380 lots.
The contract for July delivery was trading at Rs 3828.00, up by 0.13% or Rs 5.00 from its previous closing of Rs 3823.00. The open interest of the contract stood at 56050 lots on NCDEX.