Soybean futures rise on fresh bets

On the National Commodity and Derivatives Exchange, soybean for July delivery rose by Rs 61, or 0.86 per cent, to Rs 7,140 per quintal with an open interest of 32,420 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 61 to Rs 7,140 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 61, or 0.86 per cent, to Rs 7,140 per quintal with an open interest of 32,420 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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