Soybean futures traded marginally higher on NCDEX as speculators enlarged their positions on reports of lower sowing compared to last year. Further, expectation of good crushing demand on reports of hike in import duty too supported soybean prices. However, good crop conditions of soybean central India, capped some gains. The contract for August delivery was trading at Rs 3036.00, up by 0.26% or Rs 8.00 from its previous closing of Rs 3028.00. The open interest of the contract stood at 63790 lots. 

The contract for October delivery was trading at Rs 3164.00, up by 0.32% or Rs 10.00 from its previous closing of Rs 3154.00. The open interest of the contract stood at 32550 lots on NCDEX.

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