Soybean prices came down by Rs 13 to Rs 3,135 per quintal in futures trading today on liquidation of positions by speculators in sync with weak overseas cues.
Marketmen said offloading of positions by participants, tracking a downtrend in global markets, mainly led to the fall in soybean prices in futures trade here.
Besides, pick-up in supplies and sluggish demand in spot markets dampened sentiments, they added.
At the National Commodity and Derivatives Exchange, soybean for delivery in November fell by Rs 13, or 0.41 per cent, to Rs 3,135 per quintal, in an open interest of 44,050 lots.
Soybean to be delivered in October also eased by Rs 10, or 0.32 per cent, to Rs 3,101 per quintal, revealing an open interest of 42,750 lots.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.