Soybean futures down by 1.25 pc, subdued global cues

Soybean prices sank by Rs 46 to Rs 3,644 per quintal in futures trade today on minimising of exposures by the traders amidst downbeat overseas sentiments.
Marketmen said a decline in soybean prices at global markets kept investors away from the market, which led to fall in soybean futures prices.
Falling prices of other edible oils too had negative impact on soybean futures prices, they added.
At the National Commodity and Derivative Exchange counter, soybean delivery for the most traded March dropped by Rs 46 or 1.25 percent to Rs 3,644 per quintal, with an open interest of 2,50,910 lots.

The delivery of the immediate contract February also moved down by Rs 44 or 1.21 per cent to Rs 3,599 per quintal, in an open interest of 50,170 lots.