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Soybean futures decline over 1 pc on low demand

Press Trust of India  |  New Delhi 

Soybean prices on Wednesday fell by Rs 45 to Rs 3,925 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 45, or 1.13 per cent, to Rs 3,925 per quintal with an open interest of 29,780 lots.

The fall in soybean prices was mostly due to reduction of exposure by participants, marketmen said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 06 2019. 14:05 IST