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Soybean prices on traded higher

Soybean prices on Monday traded higher by Rs 69 to Rs 4,008 per quintal in futures trade on fresh positions built up by speculators.

On the National Commodity and Derivatives Exchange, soybean contracts for January delivery gained Rs 69, or 1.75 per cent, to Rs 4,008 per quintal in 39,670 lots.

The delivery for February edged up by Rs 69, or 1.73 per cent, to Rs 4,058 per quintal in 9,330 lots.

Marketmen said participants raised their holdings which mainly pushed soybean