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Soybean falls around 0.65% on increased supplies

By Religare

Soybean future fell in the domestic market as traders offloaded their positions in the spot market. According to the analysts, adequate physical supplies of the agri commodity and weak demand mainly exerted selling pressure in soybean futures in the domestic market.

At the MCX, Soybean future for June 2013 contract was trading at Rs. 3850.00, down by 0.67 per cent after opening at Rs. 3872.00 against the previous close of Rs. 3876. It touched the intra-day high of Rs. 3828 till the trading. (At 01.05 PM today)

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Story first published: Friday, May 24, 2013, 23:32 [IST]
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