Soybean prices came down by Rs 40 to Rs 3,756 per quintal in futures trade today after participants reduced holdings, taking weak cues from the overseas markets.
At the National Commodity and Derivative Exchange, soybean for delivery in April contracts tumbled Rs 40 or 1.05 per cent to Rs 3,756 per quintal, having a business turnover of 2,35,960 open lots.
Soybean for delivery in the current month also fell by Rs 24, or 0.64 per cent, to Rs 3,748 per quintal with an open interest of 19,700 lots.
Market players said trimming of bets by the participants in tandem with a weak trend in global markets led to fall in soybean futures prices.
In addition, weakening trend in edible oils prices also put pressure on the soybean futures prices, they said.
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