Soybean futures rise on fresh bets

New Delhi, June 3 (PTI) Soybean prices on Wednesday went up by Rs 6 to Rs 3,930 per quintal in futures market as traders created fresh positions tracking positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for June delivery rose by Rs 6, or 0.15 per cent, to Rs 3,930 per quintal with an open interest of 49,725 lots.

Soybean for July delivery went up by Rs 20, or 0.52 per cent, to Rs 3,864 per quintal with an open interest of 37,365 lots.

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