Soybean prices declined by Rs 74 to Rs 4,216 per quintal in futures trading today following profit-booking by speculators on higher levels, driven by weak overseas markets sentiment.
At the National Commodity and Derivative Exchange, soybean delivery for most active first contract May turned weak by Rs 74 or 4,216 per quintal with an open interest of 1,01,040 lots.
The second contract for June also dropped by Rs 73 or 1.68 per cent to Rs 4,276 per quintal, having an open interest of 42,950 lots.
Marketmen said the fall in soybean prices at futures trade was mostly attributed profit-booking by traders at prevailing levels.
