Futures contracts of soybean on the NCDEX rise nearly 1% as investors covered their short positions. June contract up 0.8%. Prices has fallen earlier taking cues from higher stocks in spot markets and poor demand for soymeal and soyoil. Supplies are high in spot markets as farmers are offloading their stocks to raise funds for kharif sowing. In the benchmark market of Indore, 1500 tn of soybean are arriving on a daily basis. The oilseed sold in Indore down 5-10 rupees.