Soybean prices on Friday fell by Rs 5 to Rs 3,950 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 5, or 0.13 per cent, to Rs 3,950 per quintal with an open interest of 11,740 lots.
Soybean for delivery in January contracts also eased by Rs 7, or 0.18 per cent, to Rs 3,973 per quintal with an open interest of 1,15,150 lots.
The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said.
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