Soybean futures rise on fresh bets

New Delhi, Apr 30 (PTI) Soybean prices on Friday went up by Rs 5 to Rs 7,074 per quintal in the futures market as traders created fresh positions tracking positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for the May delivery rose Rs 5, or 0.07 per cent, to Rs 7,074 per quintal with an open interest of 67,070 lots.

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