NCDEX soybean down nearly 1% due to poor demand.

Futures contracts of soybean on NCDEX fell nearly 1% today due to weak demand from crushers. Demand from crushers is low currently as most of the mills have stocked up the required amount of soybean. Weakening export demand for soymeal also pulled the contracts down. Further, hopes of adequate rainfall during the upcoming southwest monsoon and eventually higher crop of soybean also weighed on sentiment.