India soybean seen down tracking U.S. soy, palm oil

MUMBAI, Jan 8 (Reuters) - India soybean futures may trade lower on Thursday tracking a slide in U.S. soybean and Malaysian palm, analysts said.

U.S. corn and soybean futures extended losses in early Asian trade on Thursday, dropping almost 1 percent, hit by lower crude oil prices. See [ID: nSP303811]

India, which imports a large part of its edible oil requirement, tracks international prices.

At 9:11 a.m. March futures KPOH9 on the Bursa Malaysia Derivatives Exchange were down 3.68 percent at 1,912 ringgit a tonne.

NCDEX February soybean NSBG9 ended at 2,055.50 rupees per 100 kg, down 0.15 percent in the previous session, while February rapeseed NRSG9 ended at 514.10 rupees per 20 kg, up 0.64 percent.

(Reporting by Sourav Mishra)