Wednesday, February 18, 2009

India soybean seen lower on Malaysian palm

MUMBAI, Feb 18 (Reuters) - India soybean futures may fall on Wednesday tracking weak Malaysian palm oil and on improved weather conditions in Argentina, the world's third-largest producer of soybean, analysts said.

At 9:32 a.m., the benchmark palm oil May contract KPOc3 on the Bursa Malaysia Derivatives Exchange was down 2.01 percent at 1,857 ringgit a tonne.

The March soybean contract NSBH9 on National Commodity and Derivatives Exchange ended at 2,257 rupees per 100 kg, down 0.59 percent in the previous session. (Reporting by Sourav Mishra ;Editing by Harish Nambiar

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