Dec 1 (Reuters) - Indian soyoil futures
NSOZ6
were on track to close higher for a second straight day as a weaker rupee pushed import costs higher and lower crushing thinned supply.
The December soyoil futures rose to 726.60 Indian rupees ($10.63) per 10 kg on Thursday at 1225 GMT, a day after the contract rose to its highest intraday level in about 2-1/2 years.
However, soft commodities such as rapeseed and sugar continued to be volatile.
Indian sugar futures
NSMZ6
slumped by more than one percent to 3,418 rupees after snapping an eight-day losing streak on Wednesday.
The volatility in sugar prices in India is due to the cash crunch faced by debt-ridden sugar mill owners in the central Indian state of Uttar Pradesh and the anticipation of higher production this season, a trader said.
The December rapeseed contract
NRSZ6
was down about 1 percent on Thursday, at 4,788 rupees per 100 kg, due to profit-taking.
SOYBEAN
* The December soybean contract
NSBZ6
was largely flat at 3,115 rupees per 100 kg.
CORN, WHEAT
* December corn futures
NMZFZ6
lost about 0.5 percent to close at 1,434 rupees per 100 kg, while the December wheat contract
NWTZ6
fell 0.3 percent to 2,019 rupees per 100 kg.
($1 = 68.3599 Indian rupees)
(Reporting by Sudarshan Varadhan in New Delhi; Editing by Vyas Mohan) ((Sudarshan.Varadhan@thomsonreuters.com ; +911149548059; Reuters Messaging: sudarshan.varadhan.thomsonreuters.com@reuters.net))
The December soyoil futures rose to 726.60 Indian rupees ($10.63) per 10 kg on Thursday at 1225 GMT, a day after the contract rose to its highest intraday level in about 2-1/2 years.
However, soft commodities such as rapeseed and sugar continued to be volatile.
Indian sugar futures
The volatility in sugar prices in India is due to the cash crunch faced by debt-ridden sugar mill owners in the central Indian state of Uttar Pradesh and the anticipation of higher production this season, a trader said.
The December rapeseed contract
SOYBEAN
* The December soybean contract
CORN, WHEAT
* December corn futures
($1 = 68.3599 Indian rupees)
(Reporting by Sudarshan Varadhan in New Delhi; Editing by Vyas Mohan) ((Sudarshan.Varadhan@thomsonreuters.com ; +911149548059; Reuters Messaging: sudarshan.varadhan.thomsonreuters.com@reuters.net))