Indian soy futures climb on short covering

India's soy climbs up on account of short covering amid falling for last couple of days.

Soy rose the most in a week after a government report showed increased US sales of vegetable oil to China, the world’s largest consumer.

Soy July contract on NCDEX opened at Rs1914 a quintal. It made a high at 1923 and a low at 1906 till 12.00 pm on Monday.

According to analysts, technically, soy is expected to move up further for next few days on the improved demand globally, one can make buy position around 1915 and can expect above 2000 in next few days.