Soybean ended steady as firmness in the U.S. market offset a drop in meal exports. At the Indore spot market in top producer Madhya Pradesh, soybean prices gained 2 rupees at 1,961 rupees per 100 kg. Soyabean yesterday we have seen that market has moved 0.33%. Market has opened at 1960 & made a low of 1958.5 versus the day high of 1975. The total volume for the day was at 19810 lots and the open interest was at 134280.Support for soyabean is at 1960 below that could see a test of 1951. Resistance is now seen at 1977 above that could see a resistance of 1984.

Trading Ideas:

Soyabean trading range is 1951-1984.

Soybean ended positive as firmness in the U.S. market offset a drop in meal exports

Resistance for the soyabean is at 1982 and support is at 1951.

Yesterday we have seen that open interest rose by fell and volume by 6780

In Indore spot prices gained 2 rupees at 1,961 rupees per 100 kg

SOYABEAN STILL TRADING IN THE TIGHT RANGE 1950-1970.