NCDEX soybean stocks at 9-month high as futures above spot price

Inventories of soybean at NCDEX-accredited warehouses rose to a nine-month high as futures are trading above spot prices. Stocks of the oilseed at exchange warehouses were pegged at 207,966 metric tonne, 1,206 metric tonne higher from previous close. The most-active January contract was up 0.6% from the previous settlement. Soybean prices are trading above the minimum support price and this also led to an increase in the warehouse stocks.