Soybean prices rose by Rs 17 to Rs 3,734 per quintal in futures trade on Wednesday as traders created fresh positions supported by a strong spot demand.
On the National Commodity and Derivatives Exchange, soybean for delivery in November was up by Rs 17, or 0.46 per cent, at Rs 3,734 per quintal in 80,750 lots.
Soybean for delivery in December rose by Rs 12, or 0.32 per cent, to Rs 3,755 per quintal in 70,110 lots.
Market players said raising of fresh positions by speculators on the back of high demand mainly led to rise in soybean prices here.