Soybean futures remain low on global cues

Soybean futures went down by Rs 22 to Rs 3,521 per quintal today following continuous unwinding of positions by speculators in line with weak overseas cues.

Market players said, traders cut down their holdings, which kept the soybean futures prices in red territory for the second straight day.

At the National Commodity and Derivatives Exchange, soybean delivery for August slackened further by Rs 22, or 0.62 per cent, to Rs 3,521 per quintal, with an open interest of 22,610 lots.

The delivery for July also slipped by Rs 10, or 0.28 per cent, to Rs 3,614 per quintal, in an open interest of 88,950 lots.