Soybean futures rise on fresh bets

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New Delhi, Mar 15 (PTI) Soybean prices on Monday went up by Rs 69 to Rs 5,450 per quintal in futures market as traders created fresh positions tracking positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for March delivery rose by Rs 69, or 1.28 per cent, to Rs 5,450 per quintal with an open interest of 16,585 lots.

Likewise, Soybean for April delivery went up by Rs 65, or 1.23 per cent to Rs 5,345 per quintal with an open interest of 1,48,450 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