Soybean futures rise on fresh bets

New Delhi: Soybean prices on Friday rose by Rs 24 to Rs 4,141 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 traded higher by Rs 24, or 0.58 per cent, to Rs 4,141 per quintal with an open interest of 93,030 lots.

Likewise, soybean for December delivery moved up by similar margins to Rs 4,173 per quintal with an open interest of 33,475 lots.

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