Extending the losing run for the second session, soybean prices dropped by Rs 26 to Rs 3,334 per quintal in futures trade today as traders were indulged in cutting down their bets amid weak global sentiments.
Marketmen said, minimising of the exposures by the investors in tune with discouraging overseas markets cues, mainly kept soybean prices in the red zone for the second straight day.
At the National Commodity and Derivatives Exchange counter, soybean delivery for the most traded October surrender another gain of Rs 26 or 0.77 per cent to Rs 3,334 per quintal, with the business turnover of 62,190 open lots.
In line with the general trend, the delivery of the November declined by Rs 23 or 0.69 per cent to Rs 3,321 per quintal, open interest stood of 16,940 lots.
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