Soyabean yesterday we have seen that market has moved -2.74% extending the previous session's losses, tracking weak global peers. The total arrivals of soyabean were 3 lakh bags were at Madhya Pradesh and Maharashtra reported at 1.50 lakh bags At the Indore spot market in top producer MP, soybean dropped -33 Rs to 2225Re 100 kgs. Market has opened at 2360 & made a low of 2298 versus the day high of 2360. The total volume for the day was at 116220 lots and the open interest was at 217630.Support for soyabean is at 2284 below that could see a test of 2260. Resistance is now seen at 2346 above that could see a resistance of 2384.

Trading Ideas:

Soyabean trading range is 2260-2384.

Soyabean ended weak tracking weak global peers

Soyabean is taking resistance at 2332 and support is seen at 2284.

NCDEX accredited warehouses soyabean stocks rose 180 tonnes to 3269 tonnes.

At the Indore spot market in top producer MP, soybean dropped -33 Rs to 2225Re 100 kgs.