NCDEX soy down as area may rise, monsoon progress good

Soybean contracts on NCDEX fell on expectation that farmers may sow more of the oilseed this kharif season lured by better returns and government procurement. The most-active June contract was down 1.1%. Meanwhile, the crucial southwest monsoon current has advanced into interior parts of Karnataka and will advance further into other states, boosting sowing prospects.