NCDEX soybean rises on short covering; seen bearish.

Futures contracts of soybean on NCDEX were trading higher as traders covered their short positions after prices fell nearly 3% in the past three trading days. The most active June contract up 0.8%. Prices fallen due to subdued demand from millers and as farmers are selling their produce ahead of the upcoming kharif season. The contracts are likely to turn bearish in the day due to weak fundamentals.