Soybean up in Indore due to slow progress of sowing.

Soybean prices in the benchmark market of Indore rose due to slow progress of kharif sowing in Madhya Pradesh. Lower prices of the oilseed in domestic markets also led to fall in acreage, as farmers opted to plant more profitable crops such as cotton. In line with spot markets, futures contracts of soybean on the NCDEX also traded 1.2% higher.