Soybean prices fell further by Rs 45 to Rs 3,704 per quintal in futures trade today on narrowing portfolios by the participants amid subdued overseas cues.
Market players said traders were cautious and liquidating holdings due to negative sentiment overseas, which influenced soybean futures prices here for the second day.
Besides, weakness in edible oil prices too pulled down trading sentiment, they quoted.
At the National Commodity and Derivatives Exchange, soybean delivery for June dipped by Rs 45 or 1.20 per cent to Rs 3,704 per quintal, depicting an open interest of 79,650 lots.
In a similar way, the delivery for May dropped by Rs 44 or 1.19 per cent to Rs 3,645 per quintal in a business turnover of 1,83,390 lots.
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