Indian soybean futures rise for fourth straight session

NEW DELHI: Indian soybean futures closed higher for the fourth straight session on Thursday after strikes by farmers in India's top soybean-producing state of Madhya Pradesh entered its eighth day, prompting fears of lower supply.

June soybean futures closed 0.6 percent higher at 2,760 Indian rupees ($42.96) on the National Commodities and Derivatives Exchange, while soyoil futures were down 0.1 percent at 628.75 rupees, as of 1507 GMT.

The June rapeseed contract closed 0.1 percent higher at 3,530 rupees per 100 kg.