Soybean futures rise on fresh bets

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New Delhi, Nov 5 (PTI) Soybean prices on Thursday went up by Rs 65 to Rs 4,325 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 rose by Rs 65, or 1.53 per cent, to Rs 4,325 per quintal with an open interest of 63,240 lots.

Likewise, Soybean for December delivery went up by Rs 69, or 1.61 per cent to Rs 4,352 per quintal with an open interest of 1,13,045 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