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    Soybean futures rise on fresh bets

    Synopsis

    On the National Commodity and Derivatives Exchange, soybean for July delivery rose by Rs 117, or 1.15 per cent, to Rs 7,939 per quintal with an open interest of 6,770 lots.

    Agencies
    Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices.
    NEW DELHI: Soybean prices on Tuesday went up by Rs 117 to Rs 7,939 per quintal in futures market as traders created fresh positions tracking positive spot demand.

    On the National Commodity and Derivatives Exchange, soybean for July delivery rose by Rs 117, or 1.15 per cent, to Rs 7,939 per quintal with an open interest of 6,770 lots.

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