NCDEX soybean fell low on higher stocks in markets.

Futures contracts of soybean on the NCDEX fell below the MSP mainly because of higher stocks in the spot markets. June contract recovered slightly to trade down 0.6%. Though arrivals of the oilseed are lower, higher overall inventories including expired stocks from the NCDEX that will be available in the spot markets pulled down the prices. Around 4-5.5 mln tn of soybean stocks are piled up in the domestic markets. Arrivals of soybean in Madhya Pradesh 10,00 tn vs 50,00 tn.