 "Soybean down 2.7% on weak overseas cues")
Soybean prices drifted by Rs 97 to Rs 3,498 per quintal in future trading today following increased selling by traders, driven by weak global cues.
Marketmen said fall in prices at international markets on increased supply and weak demand, mainly pulled down the prices in future trading of soyabean.
At the National Commodity and Derivatives Exchange, soybean prices for February contract slided by Rs 97, or 2.70% to Rs 3,498 per quintal, with an open interest of 150 lots.
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Current October contract fell by Rs 81.50, or 2.34% to Rs 3,402 per quintal, clocking an open interest of 92,700 lots.
Most active November contract also weakened by Rs 78.50, or 2.25% to Rs.3,409 per quintal, in an open interest of 92,710 lots.
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