Soybean futures rise on fresh bets
Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to the rise in soybean prices
By PTI |
New Delhi: Soybean prices on Tuesday rose by Rs 13 to Rs 3,888 per quintal in futures market as traders created fresh positions tracking positive spot demand.
On the National Commodity and Derivatives Exchange, soybean for October delivery gained Rs 13, or 0.34 per cent, to Rs 3,888 per quintal with an open interest of 36,610 lots.
Likewise, soybean for November delivery traded higher by Rs 17, or 0.44 per cent, to Rs 3,880 per quintal with an open interest of 52,650 lots.
Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to the rise in soybean prices.
On the National Commodity and Derivatives Exchange, soybean for October delivery gained Rs 13, or 0.34 per cent, to Rs 3,888 per quintal with an open interest of 36,610 lots.
Likewise, soybean for November delivery traded higher by Rs 17, or 0.44 per cent, to Rs 3,880 per quintal with an open interest of 52,650 lots.
Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to the rise in soybean prices.
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