India soybean tad down tracking CBOT contracts

Futures contracts of components in the edible oil basket traded mixed on domestic exchanges. While soybean and mustard declined, refined soyoil rose and crude palm oil traded largely flat. The most-active May contract of soybean on the National Commodity and Derivatives Exchange were 0.2% lower. Soybean declined on the Chicago exchange as trade talks between the US and China were inconclusive. Imposition of tariffs would hit soybean imports by China and drag down prices of the commodity. Forecast of normal monsoon rains and shortage of soybean seed dragged down prices.