NCDEX soybean down on expectations of higher supply.

Futures contracts of soybean are trading lower on the NCDEX as supplies are expected to rise in the days ahead. Most active June soybean contract is down 0.7%. Further, expectation of a good crop in the upcoming kharif season and an eventual fall in prices would also lead farmers to sell their current stock. Anticipation of weakening export demand for soymeal has weighed on prices of the oilseed.