India soybean futures down on Malaysia palm

MUMBAI, July 27 (Reuters) - Indian soybean futures were lower on Monday tracking weak Malaysian palmoil, analysts said.

At 10:50 a.m, the August soybean contract NSBQ9 on the National Commodity and Derivatives Exchange was at 2,223.5 rupees per 100 kg, down 0.40 percent.

The benchmark October palm oil futures KPOc3 on Bursa Malaysia Derivatives Exchange was at 2,099 ringgit a tonne, down 1.08 percent at 10:50 a.m.

Soybean and palmoil are related commodities and their prices often move in tandem.