Soybean futures rise on fresh bets

New Delhi, Dec 21 (PTI) Soybean prices on Monday went up by Rs 21 to Rs 4,453 per quintal in futures market as traders created fresh positions tracking positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for January delivery rose by Rs 21, or 0.47 per cent, to Rs 4,453 per quintal with an open interest of 1,94,555 lots.

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