Soyabean, mustard seed futures up by 1 pc

 SoyabeanNew Delhi (PTI): Soyabean and mustard seed were trading up by 1 percent in the domestic futures market on account of firminternational cues. At 1400 hrs on NCDEX, the leading agri commodity exchange of thecountry, July contract of soyabean was up by 1 per cent or Rs 26 atRs 2,518 per quintal, while August contract was up by 0.81 per centor Rs 21 at Rs 2,491 per quintal. July contract of mustard seed was up by one per cent or Rs 5.9 atRs 643.20 per 20 kg, while the September contract was up by 0.8 percent or Rs 5.2 at Rs 677 per 20 kg. Soyabean futures are mainly influenced by international markets,like Chicago Board of Trade and the Malaysian markets, which weretrading firm due to strong crude prices, Karvy Comtrade's G Harishsaid. There were also reports of sowing getting delayed due to storms inthe US that would result in low yield, pushing up the prices, hesaid. Mustard seed, which is rabi crop, follows the price movement ofsoyabean in the futures markets also traded higher as the arrivalseason is almost over in the country. The total oilseeds production in India for the year 2007-08 was28.21 million tonnes, of which soyabean production stood at 9.43million tonnes and mustard stood at 6.43 million tonnes. The major soyabean producing states in the country are MadhyaPradesh, Maharashtra, Rajasthan, Karnataka and Uttar Pradesh.While, Rajasthan and Uttar Pradesh are the major mustard producers.