MUMBAI, March 26 (Reuters) - Indian soyoil futures fell on Friday afternoon tracking weakness in Malaysian palm oil, while rapeseed edged higher on good physical demand, analysts said. Malaysian palm oil futures inched lower on Friday on a weak soyoil market and stronger ringgit against the U.S. dollar. See [ID:nJAK29421] U.S. corn and soybean futures rose slightly on Friday, recovering partly from losses on Thursday as a deal on a bailout plan for Greece lifted most commodities and sent the dollar lower against the euro. See [ID:nSGE62P011] At 2:18 p.m., the May soybean contract NSBK0 on the National Commodity and Derivatives Exchange was down 0.32 percent at 2,002 rupees per 100 kg, while the April soyoil NSOJ0 was 0.67 percent lower at 457.7 rupees per 10 kg. In Indore spot market in top producer Madhya Pradesh, soybean price nudged 1 rupee lower to 2,017 rupees, and soyoil edged lower by 0.25 rupee to 454.7 rupees. "Traders were betting on rapeseed. They think currently prices are low due to arrivals and may jump during the lean period," said an analyst at Religare Commodities Ltd. The April rapeseed contract NRSJ0 was 0.26 percent up at 515.9 rupees per 20 kg. India's February oilmeal exports slumped 26 percent from a year earlier, falling for the fourth straight month on weak demand from Vietnam, China, Indonesia and Japan, a trade body said. See [ID:nSGE6230KK] India's rapeseed output in 2010 is expected to rise marginally to 6.3 million tonnes on good weather conditions, higher than initial industry estimates, a leading trade body said. See [ID:nSGE62B0GQ] (Reporting by Rajendra Jadhav; Editing by Sunil Nair)

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