Soybean prices on Tuesday fell by Rs 16 to Rs 4,034 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 December contracts moved down by Rs 16, or 0.39 per cent, to Rs 4,034 per quintal with an open interest of 82,510 lots.
Soybean for delivery in January contracts also eased by Rs 15, or 0.37 per cent, to Rs 4,050 per quintal with an open interest of 1,14,850 lots.
The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
