National News Detail

Soybean futures decline on global cues

Soybean futures decline on global cues
PTI, October 10, 2016 | UPDATED 12:05 IST
New Delhi, Oct 10 (PTI) Soybean prices dropped by Rs 39 to Rs 3,186 per quintal in futures trading today as traders indulged in liquidating positions, taking cues from weak overseas markets.
Marketmen said trimming of positions by participants, tracking a weak trend in global market, mainly led to drop in futures trading.
At the National Commodity and Derivatives Exchange, soybean for delivery this month dipped Rs 39, or 1.21 per cent, to Rs 3,186 per quintal, with an open interest of 19,680 lots.
Also, soybean for delivery in most-active November slipped by Rs 38, or 1.18 per cent, to Rs 3,183 per quintal, in an open interest of 1,13,060 lots. PTI SDG SUN SRK MR