Soybean prices on Tuesday fell by Rs 38 to Rs 4,370 per quintal in futures market as traders cut down their positions amid weak cues from physical markets.
On the National Commodity and Derivatives Exchange, soybean to be delivered in January contracts moved down by Rs 38, or 0.86 per cent, to Rs 4,370 per quintal with an open interest of 1,50,215 lots.
The fall in soybean prices in futures trade was mostly due to reduction in exposure by participants, marketmen said.