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Both soy oil and soybeantraded lower amid adequate availability of soy seeds, weak global cues and absence of cash flow at retail counters with soy refined declining to ₹765-70 for 10 kg, while soy solvent ruled at ₹735-40.
On Monday soybean in Indore mandis declined to ₹3,650-75. Similarly plant deliveries of soybean declined to ₹3,800 a quintal .
Soybean futures also declined on weak demand and buying support with soybean's March and April contracts on the NCEDX today closing at ₹3,690₹3,732 respectively. Soybean DOC was quoted lower at ₹32,000 a quintal on weak domestic demand.
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