MUMBAI, Aug 4 (Reuters) - Indian oilseed futures fell on Monday, tracking weak palm oil futures in Malaysia and soybean futures on Chicago Board of Trade (CBOT) and on expectation of good soybean output in the year ending Sept 2009, analysts said.
Futures were supported by a fall in the spot demand, they added.
At 2:22 p.m, soybean September futures NSBU8 on the National Commodity and Derivatives Exchange fell 1.37 percent to 2,448 rupees per 100 kg.
The rapeseed November futures NRSX8 were down 2 percent at 606.50 rupees per 20 kg. The contract had earlier touched a new low of 603.3 rupees.
Spot soybean price in Indore was down 1.19 percent at 24,900 rupees per tonne, while rapeseed prices in Jaipur fell 0.64 percent to 3,100 rupees per 100 kg.
At 2:31 p.m., the benchmark October contract KPOc3 on the Bursa Malaysia Derivatives Exchange fell 2.92 percent to 2,864 ringgit a tonne.
Soybean and rapeseed are crushed to derive soyoil and rapeseed oil, which compete with palm oil and their prices usually move in tandem.
U.S. soybean Nov futures SX8 were down 1.87 percent at $13.39-½ a bushel during the electronic trade on Monday.
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