Soybean futures rise on fresh bets

On the National Commodity and Derivatives Exchange, soybean for August delivery rose by Rs 18, or 0.21 per cent, to Rs 8,713 per quintal with an open interest of 4,325 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 Friday went up by Rs 18 to Rs 8,713 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 18, or 0.21 per cent, to Rs 8,713 per quintal with an open interest of 4,325 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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