Agri Commodities: Soybean, Guar Gum Futures Slip on Muted Demand

Soybean prices on Thursday fell by Rs 8 to Rs 3,776 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 August delivery declined by Rs 8, or 0.21 per cent, to Rs 3,776 per quintal with an open interest of 26,435 lots.

Similarly, soybean for September delivery traded lower by Rs 12, or 0.32 per cent, to Rs 3,746 per quintal with an open interest of 16,520 lots. The fall in soybean prices in futures trade was mostly due to reduction of exposure by participants, marketmen said…


View entirety: Economic Times