Soybean futures rise on fresh bets

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New Delhi, Jan 27 (PTI) Soybean prices on Wednesday rose by Rs 95 to Rs 4,560 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 gained Rs 95, or 2.13 per cent, to Rs 4,560 per quintal with an open interest of 1,73,385 lots.

Likewise, soybean for March delivery traded higher by Rs 96, or 2.16 per cent, to Rs 4,543 per quintal with an open interest of 1,15,555 lots.

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