Soybean trades flat in futures market

New Delhi: Soybean prices on Thursday traded flat at Rs 4,285 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 flat at Rs 4,285 per quintal with an open interest of 77,350 lots.

Soybean for December delivery rose by Rs 8, or 0.19 per cent, to Rs 4,305 per quintal with an open interest of 76,245 lots.

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