Soyabean yesterday we have seen that market has moved 0.57%. Without the threat of crop issues from South America, Argentina's port strike idled and no fresh demand news, traders looked to reduce risk exposure with prices at higher levels. The total arrivals of soyabean were1.20 lakh bags against 0.95 lakh bags were reported in the previous day and the total arrival of Maharashtra were reported at 0.95 from 0.80 lakh bags of the previous day.

At the Indore spot market in top producer MP, soybean dropped -2 Rs to 2470Re 100 kgs. Market has opened at 2542 & made a low of 2540 versus the day high of 2564. The total volume for the day was at 45000 lots and the open interest was at 236870. Support for soyabean is at 2547 below that could see a test of 2531. Resistance is now seen at 2571 above that could see a resistance of 2579.

Trading Ideas: Soyabean trading range is 2531-2579. Soyabean ended positive on low level buying Soyabean is taking resistance at 2594 and support is seen at 2548. NCDEX accredited warehouses soyabean stocks fell 110 tonnes to 6229 tonnes. At the Indore spot market in top producer MP, soybean dropped -2 Rs to 2470Re 100 kgs.