Soybean down 3.2% on profit selling

Most active near January contract slipped by 2.68%

Soybean prices slumped by Rs 128 to Rs 3,862 per quintal in future trading today as investors booked profits after recent upsurge.

 

Marketmen said traders booked profits on weak overseas markets cues which pulled down soybean prices in futures trade.

 

At the National Commodity and Derivative Exchange, soybean for March contract dropped by Rs 128, or 3.21%, to Rs 3,862 per quintal with an open interest of 9,650 lots.

 

Most active near January contract slipped by Rs 105.50, or 2.68%, to Rs 3,829.50 per quintal having an open interest of 1,18,200 lots.

 

January contract also slided by Rs 86.50, or 2.20% to Rs 3,839 per quintal, clocking an open interest of 1,12,930 lots.