Soybean futures sink on global cues

Image
Press Trust of India New Delhi
Last Updated : Oct 09 2017 | 12:42 PM IST
Soybean prices drifted lower by Rs 42 to Rs 2,868 per quintal in futures trade today as traders preferred to shrink holdings largely dragged down by weakening overseas markets.
At the National Commodity and Derivatives Exchange, soybean for delivery in October dipped by Rs 42, or 1.44 per cent, to Rs 2,868 per quintal, with the business turnover of 28,440 open lots.
Similarly, soybean for the November slipped by Rs 36, or 1.22 per cent, to Rs 2,919 per quintal, in an open interest of 90,340 lots.
According to marketmen, trimming of holdings in sync with weak overseas market trends, led to the fall in soybean prices in futures trade here.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Oct 09 2017 | 12:42 PM IST

Next Story