Soybean futures rise on fresh bets

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New Delhi, Nov 17 (PTI) Soybean prices on Tuesday rose by Rs 11 to Rs 4,490 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 gained Rs 11, or 0.25 per cent, to Rs 4,490 per quintal with an open interest of 7,700 lots.

However, soybean for December delivery declined by Rs 5, or 0.11 per cent, to Rs 4,467 per quintal with an open interest of 1,65,865 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