Business Standard

Soybean futures slide on profit booking

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Press Trust of India New Delhi

Soybean prices met with resistance at prevailing levels, falling by Rs 18 to Rs 3,373 per quintal in futures trade today due to selling by operators on weak global clues.

Marketmen attributed the down trend in soybean futures to weak global cues.

At the National Commodity and Derivatives Exchange, soybean delivery for November eased by Rs 18, or 0.53 per cent, to Rs 3,373 per quintal, depicting an open interest of 23,650 lots.

In a similar way, the delivery for October shed Rs 16, or 0.47 per cent, to Rs 3,377 per quintal, in a business turnover of 53,230 open lots.

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First Published: Aug 08 2018 | 1:10 PM IST

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