Soybean futures ease by 0.32 pc

Soybean prices were down by 0.32 per cent to Rs 3,412 per quintal in futures trade Monday after traders liquidated bets amid a weak trend at the spot markets.

Marketmen said off-loading of the positions by traders, tracking a weak trend at the physical markets on muted demand against adequate stocks mainly put pressure on soybean prices in futures trade here.

At the National Commodity and Derivatives Exchange counter, soybean for delivery in December was trading lower by Rs 11, or 0.32 per cent, to Rs 3,412 per quintal in an open interest of 64,860 lots.

Similarly, the delivery for January next year inched down by Rs 12, or 0.35 per cent, to Rs 3,456 per quintal, showing an open interest of 67,220 lots.