Soyabean turned weak with prices declining by Rs 30.50 to Rs 2,486 per quintal in futures trade today, as speculators indulged in lock in gains.
Market analysts said, apart from profit taking by traders, increased supplies in physical markets on higher levels, also weighed on the soyabean futures prices.
At the National Commodity and Derivatives Exchange counter, soyabean price for April-month delivery at Indore fell by Rs 30.50 or 1.21 per cent to Rs 2,486 per quintal, with an open interest of 34,340 lots.
Soyanbean for delivery in February went down by Rs 25.50, or 1.04 per cent, to Rs 2,422 per quintal, with an open interest of 2,33,870 lots.
The delivery in January fell by Rs 18 or 0.76 per cent, to Rs 2,360 per quintal, with an open interest of 1,54,240 lots.