Soybean futures traded lower on NCDEX as participants trimmed their positions amid uncertainty about the impact of trade disputes on demand for North American supplies despite forecasts for record breaking sales.
The contract for May delivery was trading at Rs 3674.00, down by 0.86% or Rs 32.00 from its previous closing of Rs 3706.00. The open interest of the contract stood at 16520 lots.
The contract for June delivery was trading at Rs 3720.00, down by 0.37% or Rs 14.00 from its previous closing of Rs 3734.00. The open interest of the contract stood at 160750 lots on NCDEX.