Soybean futures traded marginally higher on NCDEX as speculators enlarged their positions, despite lower domestic demand as 60 percent of soybean mills in Madhya Pradesh reported to have shut down because of subdued demand for soymeal and lower prices of soyoil.
The contract for May delivery was trading at Rs 2804.00, up by 0.79% or Rs 22.00 from its previous closing of Rs 2782.00. The open interest of the contract stood at 4080 lots.
The contract for June delivery was trading at Rs 2830.00, up by 0.71% or Rs 20.00 from its previous closing of Rs 2810.00. The open interest of the contract stood at 133210 lots on NCDEX.