Soybean futures rise on fresh bets

New Delhi: Soybean prices on Thursday rose by Rs 4 to Rs 4,313 per quintal in futures market as traders created fresh positions tracking positive spot demand. On the National Commodity and Derivatives Exchange, soybean for November delivery gained Rs 4, or 0.09 per cent, to Rs 4,313 per quintal with an open interest of 87,950 lots.

Likewise, soybean for December delivery traded higher by Rs 6, or 0.14 per cent, to Rs 4,344 per quintal with an open interest of 47,355 lots.

Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to the rise in soybean prices.