Soybean prices fell by Rs 16 to Rs 3,777 per quintal in futures trade Thursday as traders cut down their positions amid weak cues from physical markets.
At the National Commodity and Derivatives Exchange, soybean to be delivered in June moved down by Rs 16, or 0.42 per cent, to Rs 3,777 per quintal with an open interest of 55,650 lots.
Soybean for delivery in May also eased by Rs 15, or 0.4 per cent, to Rs 3,730 per quintal with an open interest of 1,52,460 lots.
Marketmen said the fall in soybean prices at futures trade was mostly due to reduction of exposure by participants.
Besides, weakness at the physical market kept pressure on the commodity prices.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app