Soybean prices dropped further by Rs 25 to Rs 2,825 per quintal in futures trade as participants indulged in reducing positions, tracking a weak trend overseas.
Marketmen said cutting down of positions by participants in tune with a weak trend in international mainly kept pressure on soybean prices in futures trade here.
At the National Commodity and Derivative Exchange, soybean for delivery in far-month July slipped further by Rs 25 or 0.88 per cent to Rs 2,825 per quintal, having an open interest of 51,290 lots.
Soybean for delivery in most-active June contracts too eased by Rs 23 or 0.83 per cent to Rs 2,759 per quintal, in an open interest of 1,24,660 lots.
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