Soyabean yesterday we have seen that market has moved -0.44% drop in the U.S. soy market and weak demand weighed on sentiment. China's soybean imports in January declined by 5% from December, to 5.14 million tonnes, but imports were augmented by 26% from the last year in the same period. At the Indore spot market in top producer MP, soybean dropped -1 Rs to 2369Re 100 kgs. Market has opened at 2382 & made a low of 2356 versus the day high of 2410. The total volume for the day was at 102270 lots and the open interest was at 171510.Support for soyabean is at 2359 below that could see a test of 2330. Resistance is now seen at 2413 above that could see a resistance of 2438. Trading Ideas:

Soyabean trading range is 2331-2439.

Soyabean ended weak drop in the U.S. soy market and weak demand weighed on sentiment

Soyabean is taking resistance at 2412 and support is seen at 2365

NCDEX accredited warehouses soyabean stocks rose 31 tonnes to 2142 tonnes.

At the Indore spot market in top producer MP, soybean dropped -1 Rs to 2369Re 100 kgs.