Soybean prices slackened by Rs 30 to Rs 3,718 per quintal in futures trading today as traders preferred to book profits at existing levels amid lower overseas sentiment.
Market players attributed the downfall to profit-booking by investors at prevailing levels, influenced by subdued global sentiment.
At spot markets, faltered demand form oil extractors also kept pressure on soybean futures.
At the National Commodity and Derivative Exchange, soybean delivery for the most active April month weakened by Rs 30 or 0.80 per cent to Rs 3,718 per quintal, with a business turnover of 2,08,870 open lots.
The delivery for second contract May month also went down by Rs 28 or 0.74 per cent to Rs 3,760 per quintal, revealing an open interest of 80,880 lots.
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