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Soybean futures fall as participants trim position

Press Trust of India  |  New Delhi 

Soybean prices drifted lower by Rs 35 to Rs 3,120 per quintal in futures trading today after traders reduced their exposure at higher levels amid weak overseas cues.

Marketmen said cut down in positions by participants on fading demand at the physical markets and a weak trend overseas, dampened the sentiments and pulled down soybean prices at futures trade.

At the National Commodity and Derivatives Exchange, soybean for delivery in December drifted down by Rs 35, or 1.11 per cent, to Rs 3,120 per quintal, clocking an open interest of 1,17,890 lots.

Also, delivery in far-month January was trading lower by Rs 34, or 1.06 per cent, to Rs 3,186 per quintal, having an open interest of 69,930 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 29 2016. 12:28 IST