Business Standard

Soybean futures dip on soft demand

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Press Trust of India New Delhi
Soybean prices on Wednesday fell by Rs 27 to Rs 4,015 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 27, or 0.67 per cent, to Rs 4,015 per quintal with an open interest of 79,900 lots.
Soybean for delivery in January contracts also eased by Rs 19, or 0.47 per cent, to Rs 4,050 per quintal with an open interest of 1,18,640 lots.
The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said.

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First Published: Nov 27 2019 | 2:10 PM IST

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