Soybean prices dipped by Rs 9 to Rs 3,814 per quintal in futures trading today after sprouting of selling at higher levels from speculators in tune with subdued overseas cues.
Market players said, tracking weak overseas leads, speculators were cutting down bets at existing levels, which caused the fall in soybean futures prices.
At the National Commodity and Derivative Exchange platform, soybean delivery for July traded lower by Rs 9 or 0.24 per cent to Rs 3,814 per quintal, showing an open interest of 54,130 lots.
In a similar way, the delivery of the most traded first contract June quoted lower by Rs 8 or 0.21 per cent to Rs 3,781 per quintal, revealing the business turnover in 1,45,5430 open lots.