The sluggish trend continued in soya oil on slack demand and weak global cues.
Soya refined on Monday ruled flat at Rs 675-80 for 10 kg, while soya solvent also ruled flat at Rs 640-44 for 10 kg on poor demand and buying support.
Besides weak foreign support, slack demand in physical market on account of higher prices also added to the bearish sentiment.
In futures also, soya oil traded lower with soya refined January contracts on the NBOT closing at Rs 698.20 for 10 kg.
On the NCDEX also, soya oil futures traded lower with January and February contracts closing at Rs 696.30 (down Rs 8.10) and Rs 685.70 (down Rs 10.45).Compared with last week, soyabean also traded lower at Rs 3,180-3,250 a quintal (Rs 3,250-3,300) amid arrival of 1.25 lakh bags.
Notwithstanding decline in arrival, report of higher crop estimate in mustard and better position of soya seeds crop in Brazil has also lent support to bearish sentiment in soyabean.
If traders are to be believed, soyabean may see further corrections in its prices in the coming days even as farmers have retained their stocks expecting higher returns.
Amid arrival of about 1,75,000 bags, soyabean in Madhya Pradesh mandis on Monday ruled at Rs 3,250-3,300 (down Rs 20).
Plant deliveries also declined to Rs 3,300-50 (Rs 3,350-70) on poor crushers' demand.
Similarly, soya seeds futures also traded lower with its January and February contracts on the NCDEX closing at Rs 3,202 (down Rs 40) and Rs 3,277 (down Rs 43) on poor buying support
Soyameal ruled steady on subdued demand with its price in the domestic market at Rs 27,500-28,000, while it fetched Rs 29,000-500 a quintal on the port.