26/09/2011 (India Infoline.com) - Domestic edible oilseeds complex traded mixed in the afternoon session with RSO and CPO futures extended the early losses on the back of weak global markets. Despite the weak US Soya complex, the NCDEX Soybean futures bounced back on strong covering at technically strong support levels.

The NCDEX RSO October contract is currently trading lower at Rs. 642.20, down by Rs. 5.75 or 0.89% over the last close. The contract moved in the range of Rs. 650.60-638.50 per 10 kg.

The Soybean futures rebounded on some short covering at strong support level of Rs. 2210 for the October contract on NCDEX. The contract is currently trading up at Rs. 2245 per quintal, up Rs. 6.50 or 0.29% over the last close and the open interest dipped 1.53%.

The MCX CPO slipped below the Rs. 500 mark with the October contract slipped to the intraday low at Rs. 497.20 and is currently trading at Rs. 499.60, down by Rs. 5.20 per 10 kg.

Crude palm oil futures on Bursa Malaysia Derivatives ended lower Friday due to a broad asset sell off on the back of rising concerns about global economic growth. But losses were limited toward the end of trade as the declines encouraged bargain-hunting, trade participants said. Benchmark December contract ended at MYR2,992 a metric ton, a decline of 0.6% from Thursday's settlement. The price earlier fell as much as 1.9% to MYR2,951/ton. Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd., will issue export estimates for the Sept. 1-25 period on Monday.

The e-cbot December Soya Oil is currently trading lower at 52.95, down 0.99 cents per pound after moving in the range of 54.10-51.91 per pound. The e-cbot November Soybean is currently trading lower at $12.664, down 16.4 cents per bushel. The NYMEX November Crude Oil is currently trading lower at $ 78.75, down $1.76 per barrel.