Soybean prices softened by Rs 14 to Rs 3,063 per quintal in futures trading today after reducing of holdings by speculators at prevailing levels to book profits amid subdued overseas cues.
Market players said besides profit booking by speculators at existing levels, weak global markets sentiment weighted on soybean future prices.
At the National Commodity and Derivative Exchange, soybean for most-traded delivery in November receded by Rs 14 or 0.45 per cent to Rs 3,063 per quintal, having an open interest of 63,680 lots.
Similarly, the delivery for the October shed Rs 12 or 0.40 per cent to Rs 3,018 per quintal, clocking an open interest of 43,860 lots.
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