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Soybean futures gain on demand

New Delhi, Soybean prices on Wednesday gained Rs 128 to Rs 5,374.00 per  quintal in futures trade as speculators increased their holdings on spot demand.

On the National Commodity and Derivatives Exchange, Soybean contracts for November delivery traded higher 2.38 per cent, or Rs 128 to Rs 5,374.00 per  quintal with an open interest of 63,065 lots.

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