MUMBAI: Indian soybean and rapeseed futures may rise on Monday tracking a sharp price rise overseas, analysts said. At 9.35 am, benchmark August Malaysian palm oil contract on the Bursa Malaysia Derivatives Exchange rose 2.36 per cent to 3,685 ringgit.
However, the early progress of the monsoon into Maharashtra, the country's second biggest soybean grower, may weigh on the futures, analysts said. Soybean July futures on the National Commodity and Derivatives Exchange ended at 2,466.5 rupees per 100 kg in the previous session. Rapeseed September futures ended at Rs 664.15 per 20 kg on Saturday.
However, the early progress of the monsoon into Maharashtra, the country's second biggest soybean grower, may weigh on the futures, analysts said. Soybean July futures on the National Commodity and Derivatives Exchange ended at 2,466.5 rupees per 100 kg in the previous session. Rapeseed September futures ended at Rs 664.15 per 20 kg on Saturday.
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