Soyabean futures decline on weak global cues

Image
Press Trust of India New Delhi
Last Updated : Sep 04 2015 | 1:22 PM IST
Soyabean prices dropped by 0.89 per cent in futures trading today after traders trimmed their positions, tracking weak trend overseas.
At the National Commodity and Derivatives Exchange, soyabean for delivery in October month contracts moved down by Rs 29, or 0.89 per cent, to Rs 3,219 per quintal, having an open interest of 67,110 lots.
On similar lines, soybean for delivery in far-month was down by Rs 27, or 0.83 per cent, at Rs 3,213 per quintal. Open interest stood of 59,990 lots.
Marketmen said weak trend in global markets following reports of bumper crops for the second straight year in the US weighed on soyabean futures here.
Besides, slackened domestic demand too dampened trading sentiment to some extent, they added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 04 2015 | 1:22 PM IST

Next Story