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Soybean futures up on fresh bets

Feb 12, 2020, 13:38 IST

PTI

New Delhi, Feb 12 () Soybean prices on Wednesday rose by Rs 14 to Rs 3,938 per quintal in futures market as traders created fresh positions in line with spot demand.

On the National Commodity and Derivatives Exchange, soybean for February delivery rose by Rs 14, or 0.36 per cent, to Rs 3,938 per quintal with an open interest of 25,730 lots.

Soybean for March delivery rose by Rs 8, or 0.20 per cent, to Rs 3,918 per quintal with an open interest of 1,44,705 lots.

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

(This story has not been edited by www.businessinsider.in and is auto–generated from a syndicated feed we subscribe to.)