Soyabean futures traded lower on NCDEX as monsoon rains keeping soybean fields well irrigated in Madhya Pradesh and Rajasthan, which will increase the chances of bumper crop. Further, report of higher edible oil imports also pressurized soyabean prices.
The contract for October delivery was trading at Rs 3446, down by 0.72% or Rs 25.00 from its previous closing of Rs 3471. The open interest of the contract stood at 61140 lots.
The contract for November delivery was trading at Rs 3442, down by 1.21% or Rs 42.00 from its previous close of Rs 3484. The open interest of the contract stood at 55470 lots on NCDEX.