India soybean settles higher, in line with CBOT.

On National Commodity and Derivatives Exchange, the most-active June contract of soybean closed 0.5% higher, tracking gains on Chicago Board of Trade. Soybean prices on the US bourse rose due to bargain buying, and as a truckers’ strike in Brazil. Mustard futures on NCDEX closed 1.3% higher due to improved purchases by oil millers at lower prices. Refined soyoil on NCDEX and crude palm oil on MCX traded lower due to lukewarm demand in spot markets.