NCDEX soybean falls to 5-year low; high expiry stocks.

Bearish trend continued in futures contracts of soybean on NCDEX and traded below the MSP. NCDEX June soybean contract fell and currently down 0.6%. About 34,463 tonne of soybean will expire in the June contract, while around 50,618 tonne will expire in July contract. Sufficient stocks in the local market and concerns over lower export of soymeal are seen weighing on soybean prices.