Soyabean futures edge up on NCDEX

Soyabean futures edged up on NCDEX on weak arrival of soya seeds in mandis across Madhya Pradesh. Further, increasing buying support by traders in tandem with firm global cues too supported soyabean prices uptrend. The contract for May delivery was trading at Rs 4822.50, up by 0.63% or Rs 30.00 from its previous closing of Rs 4792.50. The open interest of the contract stood at 73340 lots. The contract for June delivery was trading at Rs 4813.50, up by 0.54% or Rs 26.00 from its previous closing of Rs 4787.50. The open interest of the contract stood at 105240 lots on NCDEX.