Soybean futures rise on fresh bets

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New Delhi, Nov 18 (PTI) Soybean prices on Wednesday went up by Rs 7 to Rs 4,470 per quintal in futures market as traders created fresh positions tracking positive spot demand.

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

On the National Commodity and Derivatives Exchange, soybean for November delivery rose by Rs 7, or 0.16 per cent, to Rs 4,470 per quintal with an open interest of 3,635 lots.

On the other hand, Soybean for December delivery went down by Rs 10, or 0.23 per cent to Rs 4,428 per quintal with an open interest of 1,63,750 lots.PTI SRS SHW SHW