Jul 9 2010 11:38AM
0604 GMT [Dow Jones] India July NCDEX soybean futures up 0.5% at one-week high of INR1,922.50/100 kg on low rain forecast in Madhya Pradesh, biggest soybean producing state; India's monsoon rains may weaken over central, southern regions next five days, says India Meteorological Department. Soyoil 0.3% higher at INR445.75/10 kg, tracking 1.2% rise in BMD palm oil. Local trader expects soybean in INR1,915-INR1,934 band, soyoil to test INR447 resistance. Investors watching for cues from key USDA's monthly supply-demand report due 1230 GMT
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