Prices of soybean in Indore rose due to improved demand from crushing plants and a decline in arrivals. In Indore, the oilseed was sold at 3,840-3,850 rupees per 100 kg, up 15-20 rupees from Wednesday.

Arrivals in Madhya Pradeshm, the largest grower, were pegged at 40,000 bags compared with 42,000 bags on Wednesday. Tracking cues from spot markets, soybean futures on NCDEX rose as well.

The June soybean contract was at 3,743 rupees per 100 kg up 0.4% from the previous close. Soybean prices are seen rising due to higher demand from crushing plants at lower prices.

Soybean futures closed with 13 to 14 1/2 losses in the front months, amid concerns that the US/China trade deal might implode. Meal futures were down $3.40/ton, with May soy oil 37 points.

The US and Chinese trade teams were scheduled to meet in DC today, prior to the midnight deadline when tariffs on $200 billion of Chinese goods are scheduled to be raised to 25%.

The USDA reported a private export sale of 369,000 MT of soybeans to Unknown, with 120,000 MT for 18/19 and 249,000 MT for 19/20.