Soybean prices fell by Rs 20 to Rs 3,730 per quintal in futures trade Monday as traders cut down their positions amid weak cues from physical markets.
At the National Commodity and Derivatives Exchange, soybean to be delivered in June moved down by Rs 20, or 0.53 per cent, to Rs 3,730 per quintal with an open interest of 58,360 lots.
Soybean for delivery in July also eased by Rs 18, or 0.48 per cent, to Rs 3,770 per quintal with an open interest of 2,490 lots.
Marketmen said the fall in soybean prices at futures trade was mostly due to reduction of exposure by participants.
Besides, weakness in the physical market exerted pressure on the commodity prices.