India Soybean, mustard end down; CPO up on global cues.

Futures contracts of edible oils traded mixed, with soybean and mustard closing lower and crude palm oil and refined soyoil trading higher. Soybean settled 0.4% down on the National Commodity and Derivatives Exchange due to hope of a recovery in yields in key growing areas, following recent rains. Prices had risen earlier as an extended dry spell over most parts of the country in August had affected crops in major soybean growing areas. On the US exchange, soybean rose due to expectations of higher demand for soyoil in the US amid a hike in import duty on biodiesel from Argentina and Indonesia. Taking cues from soybean, mustard ended around 1% lower on the NCDEX due to tepid buying by oil millers. The most-active November contract of crude palm oil ended at 2,768 ringgits (41,667.84 rupees) per tonne, up 2.3% from the previous close.