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Soybean futures gain on demand

New Delhi, Soybean prices on Monday gained Rs 363 to Rs 6,429.00 per  quintal in futures trade as speculators increased their holdings on spot demand.

On the National Commodity and Derivatives Exchange, Soybean contracts for Decmber delivery traded higher 5.98 per cent, or Rs 363 to Rs 6,429.00 per  quintal with an open interest of 75,815lots.

Analysts said after tracking firm physical market trend, traders raised their bets which led to rise in Soybean prices