Soybean futures up on spot demand

Soybean prices inched up by Rs 26 to Rs 3,622 per quintal in futures trade Thursday on strong spot demand.

At the National Commodity and Derivatives Exchange, soybean contracts for July delivery moved up by Rs 26, or 0.72 per cent, to Rs 3,622 per quintal with an open interest of 99,540 lots.

Marketmen said widening of portfolios by investors gave a push to soybean prices at futures trade.