Soybean futures weakens on weak global cues

Monday, Apr 25, 2016,12:22 IST By metrovaartha A A A

New Delhi | Soybean prices fell by Rs 77 to Rs 4,213 per quintal in futures trading today as speculators cut down their bets, tracking weak global cues.
At the National Commodity and Derivatives Exchange, soybean for delivery in farmonth June month contracts dropped by Rs 77, or 1.79 per cent to Rs 4,213 per quintal, in an open interest of 47,020 lots.
Also, mostactive delivery in May month contracts was trading lower by Rs 71, or 1.68 per cent to Rs 4,157 per quintal and open interest stood at 1,01,330 lots.
Marketmen attributed fall in soybean prices at futures trade to trimming of positions by speculators, triggered by weak global cues, led to the fall in soybean futurs here.