Soybean futures rise on fresh bets

New Delhi, Mar 17 (PTI) Soybean prices on Wednesday rose by Rs 11 to Rs 5,432 per quintal in futures market as traders created fresh positions tracking positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for April delivery traded higher by Rs 11, or 0.20 per cent, to Rs 5,432 per quintal with an open interest of 143300 lots.

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