Soybean prices on Monday fell by Rs 124 to Rs 4,234 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 January contracts moved down by Rs 124, or 2.85 per cent, to Rs 4,234 per quintal with an open interest of 70,530 lots.
Soybean for delivery in February contracts also eased by Rs 125, or 2.86 per cent, to Rs 4,258 per quintal with an open interest of 1,89,725 lots.
The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said.
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