MARKET DEVELOPMENT
Indian Soyoil Edges Up, Tracking Overseas Markets
Indian Soyoil Edges Up, Tracking Overseas Markets
22/12/2016 (Reuters) - Indian soyoil futures rose marginally on Wednesday, tracking gains in Malaysian palm oil and soyoil on the Chicago Board of Trade (CBOT).
Malaysian palm oil futures edged up, breaking a three-session losing streak, while the January soybean oil contract on the CBOT gained.
The January soyoil contract on the National Commodity & Derivatives Exchange Ltd (NCDEX) was marginally up at 720 rupees ($10.61) per 10 kg as of 1310 GMT.
Rapeseed futures closed lower on expectations of higher supply due to better output.
The most-actively traded January rapeseed contract closed 0.25 percent lower at 4,363 rupees per 100 kg, marking its sixth straight session of falls.
SOYBEAN
* January soybean futures fell 0.4 percent to 3,013 rupees per 100 kg.
CORN, WHEAT
* January corn futures rose 0.2 percent to 1,419 rupees per 100 kg, while the January wheat contract settled 0.5 percent lower at 1,986 rupees per 100 kg.
($1 = 67.8780 Indian rupees)
Malaysian palm oil futures edged up, breaking a three-session losing streak, while the January soybean oil contract on the CBOT gained.
The January soyoil contract on the National Commodity & Derivatives Exchange Ltd (NCDEX) was marginally up at 720 rupees ($10.61) per 10 kg as of 1310 GMT.
Rapeseed futures closed lower on expectations of higher supply due to better output.
The most-actively traded January rapeseed contract closed 0.25 percent lower at 4,363 rupees per 100 kg, marking its sixth straight session of falls.
SOYBEAN
* January soybean futures fell 0.4 percent to 3,013 rupees per 100 kg.
CORN, WHEAT
* January corn futures rose 0.2 percent to 1,419 rupees per 100 kg, while the January wheat contract settled 0.5 percent lower at 1,986 rupees per 100 kg.
($1 = 67.8780 Indian rupees)