Soybean prices rose by Rs 18 to Rs 4,274 per quintal in futures market on Wednesday as traders created fresh positions on strong demand.
On the National Commodity and Derivatives Exchange, soybean for December delivery was trading higher by Rs 18, or 0.42 per cent, at Rs 4,274 per quintal with an open interest of 310 lots.
Analysts said raising of fresh positions by speculators on the back of higher demand mainly led to the rise in soybean prices.
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