Soybean futures trade flat at Rs 3,880 per quintal

New Delhi: Soybean prices on Friday traded flat at Rs 3,880 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 traded flat at Rs 3,880 per quintal with an open interest of 1,500 lots.

Soybean for October delivery went up by Rs 75, or 1.9 per cent to Rs 3,979 per quintal with an open interest of 39,375 lots.

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