Soybean prices on Wednesday rose by Rs 2 to Rs 3,792 per quintal in futures market as traders created fresh positions tracking positive spot demand.
On the National Commodity and Derivatives Exchange, soybean for April delivery rose by Rs 2, or 0.05 per cent, to Rs 3,792 per quintal with an open interest of 61,030 lots.
Soybean for May delivery went up by Rs 36, or 0.96 per cent, to Rs 3,776 per quintal with an open interest of 80,825 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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