Soyabean yesterday we have seen that market has moved -1.36% hammered by an expansion in acreage under summer-sown oilseeds and good rains in growing areas. At the Indore spot market in top producer Madhya Pradesh, soybean gained 23 rupee to 2069 rupee 100 kgs. Market has opened at 2088 & made a low of 2061.5 versus the day high of 2091. The total volume for the day was at 60970 lots and the open interest was at
131650. Support for soyabean is at 2054 below that could see a test of 2043. Resistance is now seen at 2084 above that could see a resistance of 2102.

Trading Ideas:

Soyabean trading range is 2043-2102.

Soyabean ended weak hammered by expansion in acreage under summer-sown oilseeds

Resistance for the soyabean is at 2084 and support is at 2054.

Spread between Soyabean SEP & OCT contracts yesterday traded in the range of -13 to -8.5.

At the Indore spot market in top producer Madhya Pradesh, soybean dropped 0 rupee to 0 rupee 100 kgs.