Soya oil ruled stable on weak global cues and scattered buying support.

Soya refined, in spot and delivery, ruled at Rs 625-30 for 10 kg (Rs 622-25) on subdued buying support.

Soya solvent declined a tad to Rs 585-90 (Rs 585-95) on weak buying support and foreign projections.

In futures also, soya oil traded lower with October contract on the NBOT closing Rs 2.70 lower at Rs 622.30.

Similarly, on the NCDEX, soya oil futures traded lower with its October and November contracts closing at Rs 635.25 (down Rs 4.30) and Rs 619.70 (down Rs 5.35).

Soyabean declined marginally to Rs 2,850-3,000 a quintal (Rs 2,850-3,100) on rise in selling pressure as arrivals in State mandis on Monday swelled to 4 lakh bags against 2.50 lakh bags on Saturday.

Plant deliveries in soyabean inched up to Rs 3,100-3,150 a quintal. Rise in plant deliveries was mainly due to lower availability of soyabean with crushers as stockists are building inventories of soyabean with them to get higher returns in the future.

Soyabean futures also traded lower on weak foreign and CBOT projections as October and November contracts on the NCDEX closed at Rs 3,086 (down Rs 53) and Rs 3086 (down Rs 71). Arrival of soyabean in State mandis had declined to 2-2.5 lakh bags last week with farmers holding up their produce to get higher prices. Tradere foresee soyabean prices going up to Rs 3,500 a quintal post-Dasara festival.

Against arrival of around 4 lakh bags of soyabean in Madhya Pradesh, Indore mandis recorded 14,000 bags, Ujjain - 18,000 bags and Dewas mandi recorded arrivals of 20,000 bags .

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