Soybean futures rise on fresh bets

On the National Commodity and Derivatives Exchange, soybean for September delivery rose by Rs 130, or 1.5 per cent, to Rs 8,790 per quintal with an open interest of 7,590 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 Thursday went up by Rs 130 to Rs 8,790 per quintal in futures market as traders created fresh positions tracking positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for September delivery rose by Rs 130, or 1.5 per cent, to Rs 8,790 per quintal with an open interest of 7,590 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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