 "Soybean down 1.6% on selling pressure")
Soybean prices declined by Rs 57 to Rs 3,413 per quintal in future trading today on selling by traders on higher levels driven by weak overseas markets cue.
Marketmen said a weakening international trend on fresh supply and less demand in physical markets, mainly pulled down the sentiment here in futures trade.
At the National Commodity and Derivatives Exchange, soybean for October slided by Rs 57, or 1.64% to Rs 3,413 per quintal, with an open interest of 87,710 lots.
Near November contract also slipped by Rs 53, or 1.52% to Rs 3,425.50 per quintal, clocking an open interest of 1,18,120 lots.
Marketmen said a weakening international trend on fresh supply and less demand in physical markets, mainly pulled down the sentiment here in futures trade.
At the National Commodity and Derivatives Exchange, soybean for October slided by Rs 57, or 1.64% to Rs 3,413 per quintal, with an open interest of 87,710 lots.
Near November contract also slipped by Rs 53, or 1.52% to Rs 3,425.50 per quintal, clocking an open interest of 1,18,120 lots.