Soybean futures slip on muted demand

Soybean prices on Thursday fell by Rs 4 to Rs 3,752 per quintal in futures market as participants cut down their positions on weak spot demand.

On the National Commodity and Derivatives Exchange, soybean contracts for July delivery fell Rs 4, or 0.11 per cent, to Rs 3,752 per quintal with an open interest of 36,665 lots.




Soybean for August delivery went down by Rs 8, or 0.21 per cent, to Rs 3,724 per quintal with an open interest of 25,525 lots.




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