Indian rapeseed futures ended up on Monday with fresh buying supporting the main winter oilseed crop amid concerns of lower output due to a smaller area under plantation. The buying was driven by expectations that India's rapeseed output would fall in 2015.
Soyabeans gained as fresh supplies eased in spots, while improved export prospects for soyameal, a by-product used as animal feed, supported the buying. Soyaoil futures traded higher, taking cues from the early trend in rival palm oil futures in Malaysia. The key January rapeseed contract on the National Commodity and Derivatives Exchange ended 3.8 percent higher at 4,087 rupees ($66) per 100 kg, while the January soyabean contract rose 1.4 percent to 3,339 rupees per 100 kg.
At 0105 GMT, the key January soyaoil contract was up 1.5 percent at 589 rupees per 10 kg. Oilseed futures may open higher in the next session. But soyaoil futures are likely to open weak on profit-taking as Malaysian palm oil futures ended down after crude markets dived to five-year lows.