Soybean prices fell further by Rs 45 to Rs 3,704 per quintal in futures trade today on narrowing portfolios by the participants amid subdued overseas cues.
Market players said traders were cautious and liquidating holdings due to negative sentiment overseas, which influenced soybean futures prices here for the second day.
Besides, weakness in edible oil prices too pulled down trading sentiment, they quoted.
At the National Commodity and Derivatives Exchange, soybean delivery for June dipped by Rs 45 or 1.20 per cent to Rs 3,704 per quintal, depicting an open interest of 79,650 lots.
In a similar way, the delivery for May dropped by Rs 44 or 1.19 per cent to Rs 3,645 per quintal in a business turnover of 1,83,390 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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