Soybean futures slip on muted demand

·1-min read

New Delhi, Nov 2 (PTI) Soybean prices on Monday fell by Rs 52 to Rs 4,211 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for November delivery eased by Rs 52, or 1.22 per cent, to Rs 4,211 per quintal with an open interest of 64,840 lots.

Soybean for December delivery traded lower by Rs 53, or 1.24 per cent, to Rs 4,232 per quintal with an open interest of 86,500 lots. The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said. PTI SRS RUJ RUJ