Soyabean slips on global cues

June and July contracts shed more than 3% each as traders offload holdings

Soyabean futures prices softened by Rs 111.50 to Rs 3,301 per quintal in future trading today as traders offloading their holdings tracking weak overseas cues.

Marketmen said a weak trend in International markets mainly led the fall in soyabean future prices.

At the National Commodity and Derivatives Exchange platform, soybean prices for the most-active June contract slipped by Rs 111.50, or 3.27%, to Rs 3,301 per quintal, with an open interest of 1,02,650 lots.

Prices for July were down by Rs 105, or 3.12%, to Rs 3,264 per quintal, having an open interest of 98,240 lots.