Soybean futures gain on positive demand

Soybean prices on Tuesday rose by Rs 4 to Rs 3,948 per quintal in futures trade as traders created fresh positions supported by a strong spot demand.

On the National Commodity and Derivatives Exchange, soybean for delivery in December was up by Rs 4, or 0.10 per cent, to Rs 3,948 per quintal with an open interest of 1,07,670 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.