Soybean futures rise on fresh bets

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New Delhi, Feb 2 (PTI) Soybean prices on Tuesday went up by Rs 8 to Rs 4,610 per quintal in futures market as traders created fresh positions tracking positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for February delivery rose by Rs 8, or 0.17 per cent, to Rs 4,610 per quintal with an open interest of 1,14,660 lots.

Likewise, Soybean for March delivery went up by Rs 22, or 0.48 per cent to Rs 4,609 per quintal with an open interest of 1,56,390 lots.

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