Oilseeds and soy oil futures rose more than 1 percent on Wednesday taking cues from higher overseas prices and tight domestic supplies. Soybean stocks have dropped because of aggressive crushing by millers earlier this year to feed robust export demand for meal. With an estimated drop in rapeseed output, India, which is a big importer of vegetable oils, will be more vulnerable to world prices. At Sri Ganganagar in Rajasthan, rapeseed climbed 61 rupees to 3,631 per 100 kg.
Outlook for Soybean is up for the day. CPO is expected to trade up for the day
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