Soybean prices dipped by Rs 14 to Rs 3,014 per quintal in future trading today as speculators were cutting down bets, driven by subdued overseas market.
Market players attributed the fall to lower offtake and increased supplies from growing regions, triggered weak overseas sentiment.
At the National Commodity and Derivative Exchange counter, soybean delivery for most active second contract August shaded by Rs 14 or 0.46 per cent to Rs 3,014 per quintal, with an open interest of 61,810 lots.
The delivery for immediate contract July eased by Rs 12 or 0.41 per cent to Rs 2,946 per quintal, having an open interest of 57,850 lots.
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