Soybean futures rise on fresh bets

NEW DELHI: Soybean prices on Monday went up by Rs 441 to Rs 9,390 per quintal in futures market as traders created fresh positions tracking positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for August delivery rose by Rs 441, or 4.93 per cent, to Rs 9,390 per quintal with an open interest of 3,225 lots.

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