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Soybean surged to a fresh peak on Friday, extending a record run in the past few sessions. At the current levels, the legume has taken its rally to 132 per cent from last year s low of Rs 3,228 per 100 kilograms. NCDEX soybean futures for delivery in July were being quoted at Rs 7,550 per quintal on Friday evening, up Rs 231 or 3.16 per cent from the previous close, after surging to a record high of Rs 7,606 during the session. The refined soy oil contract for June delivery jumped by Rs 16.8 or 1.21 per cent to Rs 1,405 per 10 kilograms. Analysts say building up of fresh positions by speculators is pushing the rates to unprecedented levels and some volatility can be expected in the near term.

Ajay kediaResearch analystMumbai based kediaSoybean pricesJune deliveryAgri commoditiesGeojit financial servicesNcdex soybean futuresEdible oil stocksஅஜய கெடியஆராய்ச்சி ஆய்வாளர்சோயாபீன் ப்ரைஸஸ்ஜூன் டெலிவரிஜியோஜித் நிதி சேவைகள்