Soybean futures rise on fresh bets

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New Delhi, Feb 8 (PTI) Soybean prices on Monday rose by Rs 36 to Rs 4,721 per quintal in futures market as traders created fresh positions tracking a positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for February delivery gained Rs 36, or 0.77 per cent, to Rs 4,721 per quintal with an open interest of 57,400 lots.

Likewise, soybean for March delivery traded higher by Rs 35, or 0.75 per cent, to Rs 4,727 per quintal with an open interest of 1,96,800 lots.

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