Soybean futures slip on muted demand

Soybean prices on Wednesday fell by Rs 45 to Rs 4,397 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 December delivery eased by Rs 45, or 1.01 per cent, to Rs 4,397 per quintal with an open interest of 1,17,750 lots.

Soybean for January delivery declined by Rs 40, or 0.9 per cent, to Rs 4,403 per quintal with an open interest of 1,29,350 lots.


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