Soybean futures slip on muted demand

New Delhi,  Soybean prices on Monday fell by Rs 38 to Rs 3,880 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 October delivery fell Rs 38, or 0.97 per cent, to Rs 3,880 per quintal with an open interest of 39,480 lots.

Soybean for November delivery went down by Rs 37, or 0.95 per cent, to Rs 3,872 per quintal with an open interest of 49,735 lots.

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