Soybean prices drifted lower by Rs 13 to Rs 2,839 per quintal in futures trading today on selling by traders dampened by a subdued trend overseas.
Market players stated that the fall in soybean futures is mostly because of the weakening of prices overseas on bumper stocks.
Besides falling prices of edible oils disheartened traders.
At the National Commodity and Derivative Exchange platform, soybean delivery for the most traded December contract receded by Rs 13, or 0.46 per cent, to Rs 2,839 per quintal, having an open interest of 1,84,360 lots.
Likewise, the delivery of the contract for November eased by Rs 11, or 0.39 per cent, to Rs 2,794 per quintal, clocking an open interest of 16,990 lots.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)