Soybean futures rise on fresh bets

On the National Commodity and Derivatives Exchange, soybean for July delivery rose by Rs 98, or 1.18 per cent, to Rs 8,375 per quintal with an open interest of 1,385 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 98 to Rs 8,375 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 98, or 1.18 per cent, to Rs 8,375 per quintal with an open interest of 1,385 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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