Soybean prices traded higher

Soybean prices traded higher by Rs 27 to Rs 3,765 per quintal in futures trade on Monday on the back of fresh positions built up by speculators.

On the National Commodity and Derivatives Exchange, soybean contracts for November delivery gained Rs 27, or 0.72 per cent, to Rs 3,765 per quintal in an open interest of 68,940 lots.

The delivery for December edged up by Rs 18, or 0.48 per cent, to Rs 3,772 per quintal with an open interest of 39,430 lots.