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Cottonseed oil cake futures on the National Commodity and Derivatives Exchange in India fell Rs 3 to Rs 3,297 per quintal for March delivery on February 26. Open interest was 55,210 lots.
Participants reduced their bets amid subdued spot trade.
Lower Indian futures for cottonseed oil cake point to softer domestic demand for this meal as a cattle feed ingredient. The move is small and mainly reflects local market sentiment.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.