Soybean futures rise on fresh bets
Soybean prices on Tuesday rose by Rs 46 to Rs 4,330 per quintal in futures market as traders created fresh positions tracking positive spot demand.
On the National Commodity and Derivatives Exchange, soybean for December delivery rose by Rs 46, or 1.07 per cent, to Rs 4,330 per quintal with an open interest of 10,360 lots.
Likewise, soybean for January delivery gained Rs 49, or 1.14 per cent, to Rs 4,336 per quintal with an open interest of 2,03,360 lots.
Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to the rise in soybean prices.
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