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Soybean prices fell further by Rs 34.50 to Rs 3,527 per quintal in futures trading today as speculators indulged in offloading positions, triggered by a weak trend in the overseas markets.
Besides, a low demand in the spot market also dampened the trading sentiments.
At the National Commodity and Derivatives Exchange counter, soybean prices for February contracts moved down by Rs 34.50, or 0.97% to Rs 3,527 per quintal, having an open interest of 590 lots.
Similarly, delivery in October contracts eased by Rs 21.50 or 0.62% to Rs 3,428 per quintal, in an open interest of 87,350 lots, while November contracts fell by Rs 20, or 0.58% to Rs 3,450 per quintal, having an open interest of 87,170 lots.
Marketmen attributed fall soyabean prices at futures trade to a weak trend overseas and subdued demand at spot markets.
