Oilseed complex was seen stuck in the hands of bears but during evening session some revival was witnessed in Soybean, palm oil and cottonseed oil cake.

Weak trend in the global market and very good weather conditions in India, coupled with sluggish demand for soy meal in the domestic and international market, led to continuous downfall in the soybean market.

However there is slight cause of concern as far as new soybean crop is concerned, current rains north and central India may very beneficial for planting of rabi crop, excess of rains in maturing stage of soybean plant may cause some damage to the standing crop.

Soy oil prices have found support in the range of 430 - 440, the market expects the prices to remain stable with a downward trend post November onwards with the start of the new soybean crushing season with good arrivals of soybean in all mandis across India.

The Palm oil production for August vs July remained unchanged at 14.90 LT. The export for stood at 13.20 LT vs July export of 14.50, thereby indicating that the demand for Palm oil remained sluggish for last month with pile of stocks domestically at the ports and with the plants.

Overall trend is bearish for oilseeds complex but sharp downside might be prevented as fund buying in international market may emerge after stronger crude oil prices.