20/01/2012 (Moneycontrol.com) - Nirmal Bang has come out with its report on agricultural commodities. As per the research firm outlook for Soybean is seen down for the day. CPO is expected to trade lower.

Soy oil ended lower by 2.02%. Palm oil ended lower by 1.19%. RM seed ended lower by 3.99%

Malaysia's 2012 palm oil production is expected to rise 2.3 percent to 19.3 million tonnes from 18.9 million tonnes the previous year as more estates come into maturity, an official from the country's industry regulator said on Thursday.

Indian oilseeds and soy oil futures fell for a third straight day on weak spot demand for edible oils, good rainfall in rapeseed-growing areas and a strong rupee, which makes edible oil imports cheaper. In the Indore spot market, soy oil dropped 10.5 rupees to 698.25 per 10 kg, while soybean fell 16 rupees to 2,419 per 100 kg. At Sri Ganganagar in Rajasthan, rapeseed slumped by 111 rupees to 3,498 per 100 kg. The top rapeseed growing north-western Rajasthan state received rains over the past few days, weather department data showed. Rainfall is good for the crop's vegetative growth.

Outlook for Soybean is seen down for the day. CPO is expected to trade lower.