NCDEX soybean up on crop concerns in Madhya Pradesh.

Futures contracts of soybean on the NCDEX were up due to concerns over a drop in output after below-normal rainfall in parts of Madhya Pradesh. The most active October contract on NCDEX was up 0.2% from the previous close. Madhya Pradesh, the country largest soybean producer, has so far received 492.4 mm rainfall, 22% below normal. There are also concerns of crop damage due to insect attacks in some parts of the state. Prices also rose taking cues from the benchmark contracts on the CBOT, which were up due to stronger-than-expected weekly data on US soybean exports.