Soybean prices Drop

Soybean prices drop to Rs 3998 per quintal in futures trade on Thursday as traders created fresh positions supported by weak spot demand.

At the National Commodity and Derivatives Exchange, soybean contract for December delivery was  Rs 3988 per quintal with an open interest of 1,00,190 lots.

Soybean for January delivery also rose by Rs 12, or 0.30 per cent, to Rs 4,028 per quintal with an open interest of 99,390 lots.