The slide in soybean prices continued unabated for the second consecutive session, with prices falling by Rs 19 to Rs 3,722 per quintal in futures trade today as traders engaged in liquidating positions coupled with a weak trend overseas.
Market players attributed the persistent fall in soybean prices at futures trade to offloading of positions by participants, triggered by a weak trend in global markets.
Besides, a subdued trend in edible oils market dampened sentiments, they added.
At the National Commodity and Derivatives Exchange, soybean to be delivered this month moved down by Rs 19, or 0.51 per cent, to Rs 3,722 per quintal, having an open interest of 17,790 lots.
Soybean for delivery in May also traded lower by Rs 11, or 0.29 per cent, to Rs 3,765 per quintal, showing an open interest of 1,85,140 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