Soybean up in Indore as supply falls, area seen down.

Soybean prices in Indore rose because arrivals of the oilseed fell, and as area under the oilseed is seen lower. The area under soybean in the country was at 212,400 ha as of Thursday, down 59% from a year ago. In Indore, the benchmark market, prices were up 50 rupees at 3,450-3,500 rupees per 100 kg. arrivals of soybean in Madhya Pradesh were estimated at 30,000-40,000 bags (1 bag =100 kg), down 4,000-5,000 bags.