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Soyabean futures fell on profit taking

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Press Trust of India New Delhi
Last Updated : Jan 20 2013 | 7:32 PM IST

Soyabean futures prices turned weak by losing Rs 26.50 to Rs 2,466 per quintal in future trading today due to profit booking by traders at existing higher levels.

Market analysts said, profit-booking at existing higher levels, amid fall in demand at the spot market, pulled down the soybean futures prices.

At the National Commodity and Derivatives Exchange counter, soyabean for delivery in April lost Rs 26.50 or 1.06 per cent, to Rs 2,466 per quintal, having an open interest of 50,380 lots.

Current January-month delivery contract went down by Rs 17.50 or 0.75 per cent, to Rs 2,326 per quintal, with an open interest of 1,07,180 lots.

The most active February-month delivery contract dipped by Rs 23.50 or 0.97 per cent, to Rs 2.398 per quintal, clocking an open interest of 2,41,900 lots.

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First Published: Jan 07 2011 | 2:12 PM IST

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