Soybean prices on Monday rose by Rs 58 to Rs 4,396 per quintal in futures market as traders created fresh positions supported by a strong spot demand.
On the National Commodity and Derivatives Exchange, soybean for delivery in January was up by Rs 58, or 1.34 per cent, to Rs 4,396 per quintal with an open interest of 1,59,600 lots.
Soybean for delivery in February rose by Rs 64, or 1.47 per cent, to Rs 4,426 per quintal having an open interest of 1,34,120 lots.
Market players said raising of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices.
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