Soybean futures rise on fresh bets

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New Delhi, Nov 12 (PTI) Soybean prices on Thursday went up by Rs 40 to Rs 4,466 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 40, or 0.9 per cent, to Rs 4,466 per quintal with an open interest of 13,395 lots.

Likewise, Soybean for December delivery went up by Rs 25, or 0.57 per cent to Rs 4,446 per quintal with an open interest of 1,59,050 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