India rise in new crop arrivals pull down spot soybean.

Arrivals of new soybean crop rose in the benchmark Indore market in Madhya Pradesh by nearly 200 bags (1 bag = 100 kg) to 500 bags. New crop arrivals started last week. Total arrivals across Madhya Pradesh were pegged at 80,000 bags, up from 60,000 bags a week ago. Of the 80,000 bags, about 7,000-8,000 bags comprised new crop arrivals. The most-active October contract of soybean on NCDEX ended up 0.3% from previous close. Improved demand for soybean ahead of the festival season also contributed to rise in prices on the domestic exchange.