Soybean prices rose by Rs 17 to Rs 4,070 per quintal in futures trade on Friday as traders created fresh positions supported by a strong spot demand.
At the National Commodity and Derivative Exchange, soybean for delivery in November was up by Rs 17, or 0.42 per cent, to Rs 4,070 per quintal with an open interest of 26,540 lots.
Soybean for delivery in December month rose by Rs 15, or 0.37 per cent, to Rs 4,057 per quintal having an open interest of 1,02,780 lots.
Market players said rasing of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices in future trading.
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