Soybean prices were down by another Rs 25 to Rs 2,763 per quintal in futures trade today on continuous offloading of positions by speculators, driven by weak cues overseas.
Marketmen said sustained offloading of bets by participants in sync with falling prices in global market due to bumper stocks, that kept soybean futures in negative territory for the second straight day today.
At the National Commodity and Derivative Exchange,soybean to be delivered in November fell by Rs 25 or 0.90 per cent to Rs 2,763 per quintal, having an open interest of 81,030 lots.
Also, the most-traded delivery in December fell by Rs 20 or 0.71 percent to Rs 2,812 per quintal, clocking an open interest of 1,02,600 lots.
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