Soybean futures rise on fresh bets

Soybean futures rise on fresh bets
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On the National Commodity and Derivatives Exchange, soybean for August delivery rose by Rs 184, or 2.01 per cent, to Rs 9,361 per quintal with an open interest of 2,235 lots.

Agencies
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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NEW DELHI: Soybean prices on Tuesday went up by Rs 184 to Rs 9,361 per quintal in futures market as traders created fresh positions tracking positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for August delivery rose by Rs 184, or 2.01 per cent, to Rs 9,361 per quintal with an open interest of 2,235 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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