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Soybean futures rise on fresh bets

New Delhi,  Soybean prices on Monday went up by Rs 146 to Rs 7,901 per quintal in futures market as traders created fresh positions tracking positive spot demand.

On the National Commodity and Derivatives Exchange, soybean for September delivery rose by Rs 146, or 1.88 per cent, to Rs 7,901 per quintal with an open interest of 17,540 lots.

Marketmen said raising of fresh positions by speculators on the back of higher demand mainly led to rise in soybean prices. PTI