Futures contracts of most constituents of the edible oil basket, barring mustard, declined on the domestic exchanges. The most active October contract of soybean on the National Commodity and Derivatives Exchange closed nearly 0.5% lower due to subdued soymeal exports in August. India’s soymeal exports declined 32% on year to 59,643 tn in August because of lacklustre demand from major importers. Weakness in soybean contracts on the Chicago Board of Trade also added to bearishness on the domestic bourse. Soybean futures on CBOT declined amid concerns over escalating trade tensions between the US and China. The US is the world’s topmost soybean grower and China is the largest importer. Refined soyoil on the NCDEX and crude palm oil contracts on the Multi Commodity Exchange traded lower due to huge domestic stocks and tracking weakness in global markets.