Soybean prices were down by Rs 18 to Rs 3,120 per quintal in futures trading today as participants cut down their positions, taking weak cues form global market.
The fall in soybean prices at futures trade was mostly attributed to trimming of positions by participants, triggered by a weak trend overseas, marketmen said.
At the National Commodity and Derivative Exchange, soybean for delivery in January next year contracts moved down by Rs 18 or 0.57 per cent to Rs 3,120 per quintal, in an open interest of 93,860 lots.
Similarly, soybean for delivery this month looked down by Rs 13 or 0.42 per cent to Rs 3,063 per quintal, having an open interest of 93,310 lots.
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