Soybean futures on the NCDEX traded lower because of sluggish demand.

Nagpur – In range-bound trade, soyabean and cottonseed oil prices moved down at the Vidarbha region of Western Maharashtra largely on reduced offtake amid weak global trend.

Sentiment turned bearish after Malaysian palm oil reported downward trend.

Fresh fall on NCDEX in soyabean oil and easy condition in Madhya Pradesh soyabean oil also affected sentiment.