Soybean futures ease on global cues
Soybean prices eased by Rs 8 to Rs 2,851 per quintal in futures trading today as participants cut down their positions, tracking a weak trend overseas.
At the National Commodity and Derivative Exchange, soybean for the most-active, delivery in December month contracts eased by Rs 8 or 0.28 per cent to Rs 2,851 per quintal, with the business turnover of 1,90,930 lots.
While the delivery for the immediate contract November month edged lower by Rs 3 or 0.11 per cent to Rs 2,807 per quintal, in an open interest of 6,790 lots.
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The fall in soybean prices in futures trade was due to offloading of positions by participants in line with a weak trend in global market, marketmen said.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)