Soybean futures drop on global cues

Soybean prices looked down by Rs 16 to Rs 2,832 per quintal in the futures trading today on trimming of bets by the speculators in line with subdued global sentiments.

According to market players, weak prices overseas mainly pulled down the trading sentiments here in soybean futures.

At the National Commodity and Derivative Exchange counter, soybean delivery for the November fell by Rs 16 or 0.56 percent to Rs 2,832 per quintal, clocking an open interest of 83,730 lots.

Likewise, the delivery for the December dropped by Rs 15 or 0.52 percent to Rs 2,885 per quintal, depicting an open interest of 83,690 lots.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)