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Soybean prices softened by Rs 63.50 to Rs 3,675 per quintal in futures trading today largely in tandem with a weakening trend overseas.
At the National Commodity and Derivatives Exchange counter, soybean for delivery in far-month June contracts dipped by Rs 63.50, or 1.70%, to Rs 3,675 per quintal, having an open interest of 3,440 lots.
Similarly, the most-active March delivery contracts weakened by Rs 33, or 0.88%, to Rs 3,726 per quintal, clocking in an open interest of 1,07,960 lots, while February contracts lost Rs 19, or 0.50%, at Rs 3,815.50 per quintal, in an open interest of 89,410 lots.
Marketmen said weakness in soybean prices at futures trade was mostly in tune with subdued trend in the international markets amid increased supply and slackness in demand at physical markets.
