NEW DELHI, June 9 Indian soybean futures snapped
a four-session winning streak on Friday, after timely arrival of
monsoons prompted fears of oversupply.
Farmer strikes in India's top soybean-producing state of
Madhya Pradesh entered its ninth day, prompting fears of lower
One month soybean futures, which have been trading
below their minimum support price of 2,775 rupees ($43.20), hit
their lowest in more than five years earlier this week.
June soybean futures closed 1.9 percent lower at
2,702 rupees on the National Commodities and Derivatives
Exchange, while soyoil futures were down 0.5 percent at
625.65 rupees, as of 1258 GMT.
The June rapeseed contract closed 0.3 percent higher
at 3,536 rupees per 100 kg.
($1 = 64.2400 Indian rupees)
(Reporting by Sudarshan Varadhan; Editing by Sherry