Weekly Edible Oil Outlook. Mixed; soybean, mustard seen down, crude palm oil up.

Futures contracts of edible oils and oilseeds are seen mixed over the next five to six sessions, with soybean, soymeal, mustard, and mustard oilcake likely to trade lower. Soybean futures on the NCDEX are seen falling due to low buying from solvent plants and soymeal exporters. Traders estimate soymeal exports in May at around 0.1 million tonne, lower from about 0.12 miilion tonne exported in April. Expected weakness in soybean contracts on the CBOT may drag prices on Indian exchanges further down. Mustard seed futures on the NCDEX are likely to fall because of lukewarm demand from oil millers and mustard meal exporters. Expected gains in crude palm oil on Bursa Malaysia Derivatives may also buoy prices on domestic exchanges. Prices of the tropical oil on the southeast Asian bourse are seen rising due to firm exports from Malaysia.