Soybean futures slip on muted demand

Soybean prices on Monday fell by Re 1 to Rs 4,749 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 January delivery declined by Re 1, or 0.02 per cent, to Rs 4,749 per quintal with an open interest of 4,845 lots.

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


However, soybean for February delivery gained Rs 8, or 0.17 per cent, to Rs 4,726 per quintal with an open interest of 2,12,325 lots.