Soyabean yesterday we have seen that market has moved -0.06% as weakness in the U. S. soy market outweighed a rise in local soymeal export. The total arrivals of soyabean were 1.40 lakh bags at Madhya Pradesh and Maharashtra were reported at 0.80-1 lakh bags. At the Indore spot market in top producer MP, soybean gained 6 Rs to 2423Re 100 kgs.

Market has opened at 2452 & made a low of 2438 versus the day high of 2462. The total volume for the day was at 41920 lots and the open interest was at 157720. Support for soyabean is at 2437 below that could see a test of 2425. Resistance is now seen at 2461 above that could see a resistance of 2473. Trading Ideas: Soyabean trading range is 2425-2473.

Soyabean moved negative due to weakness in the U. S. soy market Soyabean is taking resistance at 2461 and support is seen at 2437. NCDEX accredited warehouses soyabean stocks fell by 182 tonnes to 7443 tonnes. At the Indore spot market in top producer MP, soybean gained 6 Rs to 2423Re 100 kgs.