Soybean futures slip on weak global lead

Soybean prices softened by Rs 16 to Rs 3,355 per quintal in futures trade today on narrowing bets amid pessimistic overseas lead.

Marketmen said following a weak global markets stance, traders offloaded their holdings, which marked the down slide in soybean futures prices.

At the National Commodity and Derivatives Exchange, soybean for October moved down by Rs 16, or 0.47 per cent, to Rs 3,355 per quintal, showing an open interest of 52,020 lots.

Similarly, the delivery for November eased by Rs 12, or 0.36 per cent, to Rs 3,356 per quintal, revealing an open interest of 29,780 lots.