Soybean futures rise on fresh bets

Soybean prices on Thursday went up by Rs 61 to Rs 4,552 per quintal in futures market as traders created fresh positions tracking positive spot demand

On the National Commodity and Derivatives Exchange, soybean for January delivery rose by Rs 61, or 1.36 per cent, to Rs 4,552 per quintal with an open interest of 172,875 lots

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