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Soybean softens by 0.26% on sluggish demand

Press Trust of India  |  New Delhi 

Soybean prices eased by 0.26 per cent to Rs 3,465 per in futures trading today as speculators cut their bets, taking negative cues from spot market on low demand.

At the National Commodity and Derivatives Exchange, soybean delivery for delivery in June declined by Rs 9, or 0.26 per cent to Rs 3,465 per with an open interest of 32,570 lots.

Likewise, the for delivery in July was trading lower by Rs 5, or 0.14 per cent to Rs 3,504 per in 1,14,680 lots.

Analysts attributed the weakness in soybean futures to off-loading of positions by traders due to muted demand from consuming industries in the physical market.

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

First Published: Mon, June 11 2018. 12:10 IST
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