India Soybean extends losses on tepid buying in spot markets

Futures contracts of all constituents of the edible oil basket declined on domestic exchanges. Soybean futures extended losses from the previous session on the National Commodity and Derivatives Exchange due to subdued purchases by crushing plants. The commodity was sold in key Indore market, down 20 rupees. Strength in the bellwether soybean contract on Chicago Board of Trade, however, cushioned any sharp fall in prices on the domestic bourse.