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Soybean futures decline 2 pc on weak global cues

Press Trust of India  |  New Delhi 

Soybean prices slipped by Rs 77 to Rs 3,745 per quintal in futures trading today on immense selling by investors tracking weak global

Market players attributed the steep fall in soybean futures prices to a weakening trend overseas.

Besides, a falling trend in other edible oils segments pulled down the trading sentiment in soybean futures, they quoted.

At the National Commodity and Derivative Exchange platform, soybean delivery for the most active near contract April month plunged by Rs 77 or 2.01 per cent to Rs 3,745 per quintal, depicting a business turnover of 2,52,110 open lots.

Similarly, the delivery of immediate contract March month went down by Rs 65 or 1.72 per cent to Rs 3,720 per quintal, having an open interest of 61,020 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 12:46 IST