Soybean up in Indore on low supply, likely weak rain.

Soybean prices in Indore were up because of a decline in arrivals and worries of another break in monsoon. In the benchmark market of Indore, prices of soybean were up 50 rupees at 3,600-3,650 rupees per 100 kg. Arrivals of soybean in Madhya Pradesh were pegged at 30,000 bags (1 bag = 100 kg) today, lower than 40,000 bags. Lower acreage of soybean in the 2018-19 (Jul-Jun) kharif season so far is also seen supporting prices.