Latest News | Soybean Futures Rise on Fresh Bets
Get latest articles and stories on Latest News at LatestLY. Soybean prices on Friday went up by Rs 27 to Rs 4,690 per quintal in futures market as traders created fresh positions tracking positive spot demand.
New Delhi, Jan 15 (PTI) Soybean prices on Friday went up by Rs 27 to Rs 4,690 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 27, or 0.58 per cent, to Rs 4,690 per quintal with an open interest of 16,670 lots.
Likewise, Soybean for February delivery went up by Rs 11, or 0.24 per cent, to Rs 4,670 per quintal with an open interest of 2,06,255 lots.
Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)