Indian soft commodities edged lower on
profit-taking on Friday, as India's move earlier this month to
invalidate larger banknotes continued to affect trading.
"Traders are still facing the effect of demonitisation and
are not taking any new trade positions," a soyoil trader from
central India told Reuters.
"There is a lack of direction in the Indian soy markets,
especially since the CBOT was closed on Thursday on account of
Thanksgiving," he said.
Indian sugar is on track to cap a lukewarm week of trading
and is set to close lower for the sixth straight day, as traders
await the arrival of fresh stock next year after the end of the
ongoing crushing season.
* December soyoil futures fell to 710.30 rupees
($10.37) per 10 kg at 1150 GMT.
* The December soybean contract on the National
Commodity & Derivatives Exchange (NCDEX) fell about 0.6 percent
to 3,103 rupees per 100 kg.
* The December rapeseed contract fell 0.6 percent to
4,645 rupees per 100 kg.
* The December sugar contract fell to 3,425 rupees
per 100 kg as of 1150 GMT.
* December corn futures rose 0.2 percent to 1,415
rupees per 100 kg
* The December wheat contract rose 0.9 percent to
2,071 rupees per 100 kg.
($1 = 68.4645 Indian rupees)