21/07/2016 (Reuters) - Indian soybean futures slipped on Wednesday as market sentiment remained subdued on steady sowing of the oilseed, while rapeseed edged up on the rising demand for edible oil.

* The October soybean contract on the National Commodity & Derivatives Exchange shed 0.4 percent to close at 3,739 Indian rupees ($55.65) per 100 kg.

* The August rapeseed contract gained 0.04 percent to end at 5,002 rupees per 100 kg.

* August soyoil futures were up 0.9 percent at 642.55 rupees per 10 kg as of 1247 GMT, tracking gains in Malaysian palm oil futures.

* Malaysian palm oil futures extended gains, touching a two-week high on Wednesday on improving demand amid expectations of further weakness in the ringgit.

SUGAR

* The most-active October sugar contract was trading 0.03 percent up at 3,825 rupees per 100 kg.

* "Prices are expected to rise after August when the festive season begins," said a Mumbai-based trader.

CORN, WHEAT

* August corn futures rose 1.2 percent to 1,533 rupees per 100 kg, while the August wheat contract shed 0.2 percent to close at 1,738 rupees per 100 kg. ($1 = 67.1923 Indian rupees)