Soyabean yesterday we have seen that market has moved -1.56% on weak demand in the domestic spot markets. China's soybean imports delivered in February are projected to reach 3.17 million metric tonnes in February. At the Indore spot market in top producer MP, soybean dropped -25 Rs to 2397Re 100 kgs. Market has opened at 2437 & made a low of 2397.5 versus the day high of 2443.5. The total volume for the day was at 69400 lots and the open interest was at 144790.Support for soyabean is at 2386 below that could see a test of 2369. Resistance is now seen at 2432 above that could see a resistance of 2461.

Trading Ideas:

Soyabean trading range is 2370-2462.

Soyabean ended lower on weak demand in the domestic spot markets.

Soyabean is taking resistance at 2432 and support is seen at 2386.

NCDEX accredited warehouses soyabean stocks rose by 60 tonnes to 2202 tonnes.

At the Indore spot market in top producer MP, soybean dropped -25 Rs to 2397Re 100 kgs.