MUMBAI, Sept 23 (Reuters) - Indian soybean futures and soyoil futures eased in early trade on Wednesday on a likely rise in arrivals from the new crop in the next two weeks and weakness in Malaysian palm market, analysts said.
But expectation of improved demand for edible oils during festivals limited losses, they added.
At 10:58 a.m., the November soybean contract NSBX9 on the National Commodity and Derivatives Exchange was down 0.23 percent at 1,945 rupees per 100 kg.
The November soyoil contract NSOX9 on the National Commodity and Derivatives Exchange also fell 0.56 percent to 437.7 rupees per 10 kg.
Harvesting of early sown oilseed crops, including soybean, is likely to pick up in the coming days, which may push up supplies.
However, the peak arrival this year may be delayed by over two weeks following delayed rains in many parts of the growing states, traders said.
Weakness in Malaysian palm oil market also weighed on the markets.
The benchmark December palm oil futures KPOc3 on Bursa Malaysia Derivatives Exchange was at 2,180 ringgit a tonne, down 0.46 percent at 10:00 a.m.
Palm oil and soybean are related commodities and their prices often move in tandem.
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