NCDEX soybean settles 1% higher on cues from CBOT. Futures contracts of all constituents of the edible oil basket rose on domestic exchanges. The most active October contract of soybean on the National Commodity and Derivatives Exchange closed nearly 1% higher, in line with gains in key contracts on the Chicago Board of Trade. Soybean futures on CBOT rose due to bargain buying as prices declined last week following escalating trade tensions between the US and China, the worlds topmost soybean grower and importer, respectively. Refined soyoil contracts on NCDEX and crude palm oil futures on the Multi Commodity Exchange traded higher due to a pick-up in purchases in wholesale markets ahead of various festivals.