The slide in soybean prices continued unabated for the second consecutive session, with prices falling by Rs 19 to Rs 3,722 per quintal in futures trade today as traders engaged in liquidating positions coupled with a weak trend overseas.
Market players attributed the persistent fall in soybean prices at futures trade to offloading of positions by participants, triggered by a weak trend in global markets.
Besides, a subdued trend in edible oils market dampened sentiments, they added.
At the National Commodity and Derivatives Exchange, soybean to be delivered this month moved down by Rs 19, or 0.51 per cent, to Rs 3,722 per quintal, having an open interest of 17,790 lots.
Soybean for delivery in May also traded lower by Rs 11, or 0.29 per cent, to Rs 3,765 per quintal, showing an open interest of 1,85,140 lots.
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