You are here: Home » PTI Stories » National » News
Business Standard

Soybean futures slip on weak global cues

Press Trust of India  |  New Delhi 

Soybean prices moved down Rs 54 to Rs 3,053 per quintal in futures trading today as participants offloaded positions in line with a weak trend in overseas markets.

At the National Commodity and Derivative Exchange, soybean for delivery for this month contracts fell by Rs 54 or 1.74 per cent at Rs 3,053 per quintal, having an open interest of 8,990 lots.



Second contract November month delivery also dropped Rs 3,089 per quintal, in an open interest of 1,20,540 lots.

Marketmen said reducing of exposure by speculators coupled with weak global cues, mainly attributed to the fall in soybean futures prices in futures trade.

Besides, weakness in edible oils too weighed on trading sentiments, they added.

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

RECOMMENDED FOR YOU

Soybean futures slip on weak global cues

Soybean prices moved down Rs 54 to Rs 3,053 per quintal in futures trading today as participants offloaded positions in line with a weak trend in overseas markets. At the National Commodity and Derivative Exchange, soybean for delivery for this month contracts fell by Rs 54 or 1.74 per cent at Rs 3,053 per quintal, having an open interest of 8,990 lots. Second contract November month delivery also dropped Rs 3,089 per quintal, in an open interest of 1,20,540 lots. Marketmen said reducing of exposure by speculators coupled with weak global cues, mainly attributed to the fall in soybean futures prices in futures trade. Besides, weakness in edible oils too weighed on trading sentiments, they added. Soybean prices moved down Rs 54 to Rs 3,053 per quintal in futures trading today as participants offloaded positions in line with a weak trend in overseas markets.

At the National Commodity and Derivative Exchange, soybean for delivery for this month contracts fell by Rs 54 or 1.74 per cent at Rs 3,053 per quintal, having an open interest of 8,990 lots.

Second contract November month delivery also dropped Rs 3,089 per quintal, in an open interest of 1,20,540 lots.

Marketmen said reducing of exposure by speculators coupled with weak global cues, mainly attributed to the fall in soybean futures prices in futures trade.

Besides, weakness in edible oils too weighed on trading sentiments, they added.

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

image
Business Standard
177 22

Soybean futures slip on weak global cues

Soybean prices moved down Rs 54 to Rs 3,053 per quintal in futures trading today as participants offloaded positions in line with a weak trend in overseas markets.

At the National Commodity and Derivative Exchange, soybean for delivery for this month contracts fell by Rs 54 or 1.74 per cent at Rs 3,053 per quintal, having an open interest of 8,990 lots.

Second contract November month delivery also dropped Rs 3,089 per quintal, in an open interest of 1,20,540 lots.

Marketmen said reducing of exposure by speculators coupled with weak global cues, mainly attributed to the fall in soybean futures prices in futures trade.

Besides, weakness in edible oils too weighed on trading sentiments, they added.

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

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard