Continuing its slide for the second straight day, soybean prices fell further by Rs 20 to Rs 2,679 per quintal in futures trading today as participants indulged in offloading positions amid a weak trend overseas.
At the National Commodity and Derivative Exchange, soybean for delivery in June contracts fell further by Rs 20 or 0.74 per cent to Rs 2,679 per quintal, with an open interest of 1,05,300 lots.
Soybean for delivery in July contracts also eased by Rs 18 or 0.65 per cent to Rs 2,749 per quintal, with the business turnover of 65,990 open lots.
Marketmen said the fall in soybean prices in futures trade was mostly due to offloading of positions by speculators, triggered by a weak trend overseas on bumper crops.
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