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Soyabean futures decline on lower global cues

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Press Trust of India New Delhi

Soyabean futures prices declined by Rs 33.50 to Rs 2,382.50 per quintal today, following selling by traders, driven by weak global sentiments.

Market analysts said a weakening trend in international markets, mainly led to the fall in barley futures prices.

At the National Commodity and Derivatives Exchange, soyabean for September contract decreased by Rs 33.50, or 1.39%, to Rs 2,382.50 per quintal, with an open interest of 12,250 lots.

The most active July contract fell by Rs 17.50, or 0.73%, to Rs 2,375 per quintal, clocking an open interest of 1,17,830 lots.

Prices for June contract, too, went down by Rs 16, or 0.68%, to Rs 2,351 per quintal, showing an open interest of 83,800 lots.

 

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First Published: Jun 07 2011 | 1:45 PM IST

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