Indian oilseeds gain on short-covering

Indian oilseed prices rose on Thursday on short-covering and tracking gains in Malaysian palm oil futures. Malaysian palm oil futures pared losses from the previous session, tracking competing vegetable oils and helped by a weaker ringgit.
The June soybean contract on the National Commodity & Derivatives Exchange edged up 0.16 percent to 3,833 rupees ($57) per 100 kg.
The June rapeseed contract rose 0.37 percent to 4,394 rupees per 100 kg.
June soyoil futures were 0.24 percent up at 650.80 rupees per 10 kg at 1519 GMT, following soybean gains. The most active July sugar contract was 0.06 percent down to 3,541 rupees per 100 kg due to lower demand for sugar-laced drinks and ice cream as the Indian summer gives way to monsoon rains.
June corn futures closed 0.88 percent higher at 1,375 rupees per 100 kg, while the June wheat contract fell 0.60 percent to 1,669 rupees per 100 kg.