Soybean prices were down by Rs 30 to Rs 2,883 per quintal in futures trading today after participants locked-in gains coupled with weak global cues. Marketmen said trimming of bets by participants and weak cues from international markets where prices declined on reports of bumper crops, weighed on soybean prices at futures trade. At the National Commodity and Derivatives Exchange, soybean for delivery in April was trading lower by Rs 30, or 1.03 per cent, to Rs 2,883 per quintal, depicting an open interest of 1,95,060 lots. Also, delivery in far-month May eased by Rs 25, or 0.84 per cent, to Rs 2,966 per quintal, in an open interest of 65,110 lots.
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