Soybean futures slip on muted demand

New Delhi: Soybean prices on Monday fell by Rs 68 to Rs 3,839 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 October delivery eased by Rs 68, or 1.74 per cent, to Rs 3,839 per quintal with an open interest of 27,680 lots.

Soybean for November delivery traded lower by Rs 51, or 1.3 per cent, to Rs 3,869 per quintal with an open interest of 63,750 lots.

The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said.