Soyabean futures edge down on profit taking

Soyabean futures traded down on NCDEX due to profit taking as arrivals of the main summer oilseed crop picked up in major spot markets. Further, sluggish domestic and export demand too supported soyabean prices’ downtrend. The contract for November delivery was trading at Rs 3238.00, down by 0.31% or Rs 10.00 from its previous closing of Rs 3248.00. The open interest of the contract stood at 9350 lots. The contract for December delivery was trading at Rs 3288.00, down by 0.45% or Rs 15.00 from its previous closing of Rs 3303.00. The open interest of the contract stood at 124770 lots on NCDEX.