Soybean futures rise on fresh bets

New Delhi, Jan 23 () Soybean prices on Thursday rose by Rs 4 to Rs 4,146 per quintal in futures market as traders created fresh positions on strong spot demand.

On the National Commodity and Derivatives Exchange, soybean for February delivery rose by Rs 4, or 0.10 per cent, to Rs 4,146 per quintal with an open interest of 1,68,600 lots.

Soybean for March delivery rose by Rs 4, or 0.10 per cent, to Rs 4,152 per quintal with an open interest of 1,14,195 lots.

Market players said raising of fresh positions by speculators on the back of higher demand led to rise in soybean prices. VHP SHW SHW