Soybean futures fall on subdued global leads

Soybean prices fell by Rs 29 to Rs 3,220 per quintal in futures trade today after investors cut bets amid downbeat overseas cues.

Marketmen said, besides falling prices at the overseas market, sluggish demand in the physical market restrained traders to adopt a cautious stance, which led to a fall in soybean futures prices.

At the National Commodity and Derivatives Exchange counter, soybean delivery for the October contract declined by Rs 29, or 0.89 per cent, to Rs 3,220 per quintal with an open interest of 53,810 lots.

Similarly, the delivery of November contract fell by Rs 26, or 0.80 per cent, to Rs 3,232 per quintal clocking an open interest of 38,030 lots.